It will come as no secret to any domainer that education domains are among the highest sort-after domains.
The main reason is the money that private for profit online schools are paying for lead generation.
However yesterday the South Florida Business Journal reported that the Attorney General of Florida, Bill McCollum has opened an investigation into 5 for-profit universities.
A spokesman for the Florida AGsaid its economic crimes division in Fort Lauderdale is investigating Kaplan Inc., the University of Phoenix, MedVance Institute, Everest College and Argosy University.
“The AG’s website said the allegations being investigated include “misrepresentations regarding financial aid, alleged unfair/deceptive practices regarding recruitment, enrollment, accreditation, placement, graduation rates.”
If either state or federal governments come after these for profit schools in a dramatic way it could well effect the education domain market.
Its something to keep your eye on if you have or are looking to acquire education domains.
About time. In layman terms they are accused of tricking, lying to and badgering prospective students to sign up for useless schools and then loading them up with debt via loan applications. They promised job placements, ‘You can make $xx,xxx a year’ and other crap when in reality they ended up with $1X an hour, if that, and tens of thousands in debt. You have seen the commercials for all kinds of ‘tech’ but they don’t tell you that they cost as much as $30K a year!!
Now you can say that ultimately the students are to blame, and maybe, but the govt should not subsidize such scams, as it serves no purpose, just ruins people’s lives while costing us billions a year.
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For-profit schools are dangerous to real education because the bottom line will always trump true education. I have seen this in Eastern Europe, where one can basically “buy” a diploma because daddy has a boatload of money. It’s a joke.
I’m not saying that online education is necessarily bad, for some mainstream institutions are using this medium quite well, but with educational standards in place.
So I’m glad to see that at least one state is looking into these schools, which were once known as “matchbook schools” because their ads used to appear on the covers of matchbooks.
If it is discovered that these schools employ good standards, then fine, but…
Higher education works best when profit is not involved and a Board of Trustees, whose members are there to act as watchdogs, is.
Traditionally, American universities have been either public or non-profit private entities; the for-profit sector has really exploded since the PC and has largely been unregulated.
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Old news. Just look at these companies stock charts. The federal government will be changing many laws related to higher education shortly.
Bunch of idiots. What is hidden from you is that all those “local” school are losing money and they paid all those politicians to slap online education. Don’t worry. There will be no local colleges 50 years from now. They product idiots. Just read above.
“There will be no local colleges 50 years from now. They product idiots. Just read above.”
Don’t be so harsh on yourself. You are not that big of an idiot. Ok, you are you are but I’ve seen bigger idiots.