just heard this commercial on espn radio talking about how Larry Fitzgerald (NFL wide receiver, rich) is getting his degree from there. Kindve pissed me off as obv the situation he's in (exit opps of an nfl player are pretty good i hear) is COMPLETELY different than the target market of the advert.
Sounds more like phishing to these desperate souls. Not as bad as some commercials/ads i've seen for these online programs, but it's definitely along the same lines
anyways just curious, is u of phoenix a viable option for some people? who? or is it mostly a rip off like the other online schools you see popping up
(no, it is not on my short list for 2015 mba applications)
U of P caters to non-traditional students (average age is definitely over 30), so not really comparable to anything WSO thinks about in terms of a university. They offer fine academics (they wouldn't be regionally accredited if they didn't), but a community college will probably teach you the same material at a fraction of the cost. Regardless, a U of P degree is perfectly fine for most of the (informed) people that pursue one.
The problem with for-profit education is that they are providing a commodity at premium prices, and they support those premium prices by plowing their profits into aggressive marketing tactics.
Edit: Just to add, there really is nothing wrong with online education. The majority of students are actually non-traditional, and online learning offers them the flexibility to earn degrees while still earning taking home a paycheck. In terms of actual learning, online courses are more effective than lecture hall style teaching.
http://bits.blogs.nytimes.com/2009/08/19/study-finds-that-online-educat…
Sure you can learn in an online class, just like you can from a YouTube video. The only part I can't stand is how they trick people into thinking they can get their "dream job" upon graduation, making them think the degree holds the same value as that of a large state school.
A lot of people don't realize that it's not the degree that gets you the job, it's the academic resources, professors, students, and alumni network that go to bat for you. Show me an online school that can do that. If you need a commercial to advertise your school, it's dogshit.
Not everyone goes to school to "get their dream job". Some mid level manager at ABC Corp in East Bumfuck might need his MBA to move up to the C-suite.
I agree that the advertising is shit, but it's hardly unique to for-profit education, and Apollo's shit isn't nearly as bad as what you see on a NYC subway.
I know the majority of us are 1%'ers, and I agree that a for-profit college is not a valid option for any of us. Having said that, the statistics upon graduation for these people are actually pretty solid. On average, graduates increase their wages by more than 30%.
For profit colleges are for the super market clerk wanting to become the manager or for the ex-con trying to gain some sort of credibility. Generally speaking, the students are older and don't possess much work history either. I don't know if you can convince me this isn't a better option than a community college.
Yea but the way they calculate the average wage increases are fucked, same with employment stats. And you also have to take into account many of these people go $10,000s in debt for the degree.
U of P is fine for something like a technical degree. Even for that, though, you might as well go to a community college. Same education for 1/10 the cost.
Ever watch a college football game? Pretty much every school has commercials run for their Univ. during their team's games.
Yea, but 99% of those are talking about how they "saved the kids in Africa" or "pioneered cancer research" and not how they got Jimmy a nice assistant manager promotion at Arby's, so no he can afford to buy things on debit like a 32" plasma. It's a tad bit different.
//
vs
//www.youtube.com/embed/eqlUOEAbDdE
I have to imagine its a great option for those have a dead end job whereby the only means of getting a raise or getting promoted is an advanced degree. So for those people it makes sense. Otherwise I can't see a path that it leads to with a positive ROI.
Hate to break it to you all but every school advertises. Yes even on TV. Watch a college football game you will see at least one commercial for both schools during the game.
Interested to see if for-profit institutions' revenues begin dropping as more well-known brick and mortars start offering online degrees. My guess is probably not as the target crowd who enroll in Devry, Phoenix. etc are mostly price shopping, value the convenience factor, or aren't in a position to care about name recognition.
For most, revenues are already plummeting. This didn't help:
http://www.help.senate.gov/imo/media/for_profit_report/Contents.pdf
1-Yr Rev Growth (not normalized for acquisitions) American Public Education, Inc. - 12.6% Apollo Group Inc. - (12.0%) Bridgepoint Education, Inc. - (9.6%) Capella Education Co. - (3.0%) Career Education Corp. - (19.6%) Corinthian Colleges Inc. - 1.2% DeVry, Inc. - (5.2%) Education Management Corporation - (9.5%) Grand Canyon Education, Inc. - 21.8% (all organic) ITT Educational Services Inc. - (16.9%) Lincoln Educational Services Corporation - (8.8%) National American University Holdings, Inc. - 8.6% Strayer Education Inc. - (8.8%) Universal Technical Institute, Inc. - (8.9%)
Margins are compressing as well for a number of reasons (increased competition, increased CPL and CPS, compliance costs, student services and career office growth, etc.).
Edit: I should note, a lot of the declines in revenues are due to stricter admissions standards (a reaction to the Senate report and gainful employment legislation).
@duff - interesting thanks for the post
Rip off, just like every other for-profit "school".
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