Wednesday, October 20, 2010

Week 3 EOC: Making money for good

Antonelli College is an Ohio-based for-profit school with campuses in Jackson and Hattiesburg. It helps many students that dont have the money to go to college. This oranization has its pros and cons. Some other college universities have different thoughts on this.

"This is going to derail a ton of people," said Milton Anderson, president of Virginia College's Jackson campus. "It's going to be a major problem."

http://www.clarionledger.com/article/20101019/NEWS/10190349/New-rules-may-hurt-for-profit-colleges

The for-profit has gotten big over the past decade and are continuesly bringing in lower-income students and minorities. Antonelli, with about 300 students on its Jackson campus, has a 70 percent minority enrollment and 85 percent who qualify for the Pell Grant. About 97 percent have federal loans.

I think that having a for-profit university in colleges, it is a good thing and a bad thing at the same time. People that work hard for their education go through a lot to go to college and when they see that some of the students there are getting their education for free (almost) they feel that they are going to be “cheated” out of their education.  But it will pay out all in the end. Because the better a person gets, the better a job that person is going to get and with that said, a better paying job, the more taxes that that person will have to pay, so in the long run, somebody is going to get their money back one way or another.

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