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Student Debt, By the Numbers: Part 6: Factors—For-Profit Higher Ed

Sources: National Center for Education Statistics, Bloomberg News, Chronicle of Higher Education, Blumenstyk and Fuller

Number of post-secondary institutions newly accredited between 2005 and 2009:  483.

Percentage of post-secondary institutions newly accredited between 2005 and 2009 that were private for-profit institutions:  77%.

Percentage of total accredited post-secondary institutions in the U.S. that were private for-profit institutions in 2009:  26.2%.

Percentage of students in post-secondary institutions enrolled at private for-profit institutions in 2010:  9%.

Percentage increase in enrollments at private for-profit institutions between 2005 and 2009:  235%.

Percentage of federal student aid received by students attending private for-profit institutions in 2010:  36%.

Percentage of total revenues of the Apollo Group (University of Phoenix) generated by federal student aid in 2010:  88%.

Total enrollment with the Apollo Group (University of Phoenix) in 2010:  443,000.

Total revenues of the Apollo Group  (University of Phoenix) in 2010:  $4.1 billion.

Total net profit of the Apollo Group (University of Phoenix) in 2010:  $598 million.

Total enrollment with Education Management Corporation (Argosy University and Art Institutes) in 2010:  136,000.

Total enrollment with Career Education/Le Cordon Bleu and American InterContinental University:  113,900.

Total enrollment with Kaplan Higher Ed in 2010:  108,300.

Total enrollment with DeVry in 2010:  101,648.

Total enrollment with Corinthian Colleges in 2010:  93,493.

Total enrollment with ITT Educational Services in 2010:  79,208.

Total enrollment with American Public Education (American Military University) in 2010:  55,300.

Total enrollment with Bridgeport Education (Ashford University) in 2010:  54,894.

Total enrollment with Strayker Education in 2010:  54,317.

Total enrollment with Grand Canyon Education in 2010:  34,218.

Average tuition at two-year institutions in 2010:  public, $2,970; private not-for-profit, $10,266; and private for-profit, $14,280.

Median student debt for students graduating with a baccalaureate degree in 2007-2008:   public institutions, $7,960; private not-for-profit institutions, $17,040; and private for-profit institutions, $31,190.

Six-year graduation rates for baccalaureate students in 2007-2008:  public institutions, 55%; private not-for-profit institutions, 65%; private for-profit institutions, 22%.

Three-year student-loan default rates in 2008:  public institutions, 10.8%; private not-for-profit institutions, 7.6%; private for-profit institutions, 25%; Corinthian Colleges, 40.3%.

About martinkich

I am a Professor of English at Wright State University, where I have been a faculty member for almost 25 years. I serve as the president of the WSU chapter of AAUP, which now includes two bargaining units, as the vice-president of the Ohio Conference of AAUP, and as a member of the executive committee of AAUP's Collective Bargaining Congress. As co-chair of the Ohio Conference's Communication Committee, I began to do much more overtly political writing during the campaign to repeal Ohio's Senate Bill 5, which would have eliminated the right of faculty to be unionized.

One comment on “Student Debt, By the Numbers: Part 6: Factors—For-Profit Higher Ed

  1. martinkich
    June 25, 2014

    Reblogged this on Ohio Higher Ed.

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This entry was posted on December 16, 2012 by in contingent faculty appointments, corporate influence, faculty, for-profit institutions, students.
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