Here’s an interesting article from the New York Times. It’s about the rise in for-profit private colleges and the problems students are having. This is another subject that I am quite passionate about. As lower-skill jobs are being eliminated and dislocated workers need retraining, we are seeing a rise in these for-profit colleges that cater to adult learners. I think some of the recruiting tactics are borderline predatory because they mislead low-income individuals into believing they will obtain their degree and a high paying job. But the problem is that many of these “schools” are accredited to qualify students for financial aid and giving out degrees, but they are not accredited by a professional association. For example, my college is accredited by the U.S. Department of Education and/or some regional variation and the social work program is accredited by the Council on Social Work Education. This means that my degree is social work meets the quality standards set out by the CSWE. It also means that my degree is valid and accepted by employers and other colleges nationwide (and worldwide). Now, let’s take the the University of Phoenix (the subject of the Times article). They are accredited by the U.S. Dept. of Education and/or some regional variation, but not with Association to Advance Collegiate Schools of Business which is the accrediting agency for business schools. So, when a student leaves U of Phoenix with a bachelor’s degree that person may have a difficult time getting a job in business because their degree is not valid with the AACSB. They may also have difficulty in getting any of those credits transfered to a traditional college. So, then they are left with thousands of dollars in students loans and no high paying job. It’s sad. It’s worse when I know someone is enrolled in such a program and there isn’t anything I can do to help them. It goes back to the old adage that if it’s too good to be true, then it probably is.