Friday, May 7, 2010
Thinking of more school--get June Good Housekeeping
Barry Yeoman writes in the June 2010 issue of GH about for-profit schools.
With so many people out of work or underemployed and seeking better opportunities, for-profits are flourishing, often aided by deceptive ads promising lucrative future employment.
If you thinking of doing this—get this article.
One woman took on thousands in loans for an 18-month course in ultrasound technology and then found out the school was accredited by the Accrediting Council for Independent Colleges and Schools—just not the ultrasound part. So she was not allowed to take the exam to be certified without hands-on experience and she could not get that without the exam.
The school’s placement service blew her off.
There are many complaints about such schools—unqualified teachers, credits that don’t transfer as promised, and overblown job placement promises.
These schools get 90% of their money from federal programs, Yeoman says. Now this sector is growing by 25% a year.
Yeoman has some tips—including Check the school with the Dept of Education at
Ask the salesman (recruiter) about graduation rates and placement rates. What about default rates on loans?
Check with the state education dept. Ask about accreditation—by whom? Confirm with the agency!
Ask any other college you want to go to if they would take these credits.
Ask potential employers if they take grads.
Talk to students and former students. Go to the college building or campus. Check out the parent company. Check out complaintsboard.com and ripoffreport.com.
Don’t be pressured into signing. And be careful of arbitration clauses that may keep you from suing if things go bad.