Today’s guest post is from Tressie McMillan Cottom, PhD Candidate at Emory University, an expert in for profit education and a former admissions and financial aid counselor in two for-profit schools. Ms McMillian Cottom took some time to share with our readers some insight into her research and insights on the growing for-profit college industry.
There are a lot of factors to consider your sophomore and junior year of high school when you embark upon your college application planning. Do you want to move as far away from home as possible or be close enough for Sunday dinners? Do you want the intimate environment of small, liberal arts colleges or the rush of a large, urban campus? What fields of study should your dream college offer? What kind of social life can you build once you get there? The list goes on and on.
One thing rarely considered but, perhaps, equally important to those other considerations is the institutional type of your dream school. Institutional type refers to the mission of the college. By college mission I don’t mean “to live and serve” but “to profit or not to profit.” If you don’t know the difference between a for-profit college and a not-for-profit college don’t feel badly. You’re not alone. A new research report found that among adults enrolled in online college degree programs, 17 percent had no idea if their school was for-profit or not-for-profit. More importantly, the question you might be asking is why you should care about the institutional type of your college.