I find it strange that no one ever discusses how these students come to be. Where does the real fault lie? Mr. Camden -- if you and your cohort of good doers where honest with one another -- you would realize that the failure of these students exists due to the fact that our public education system is a failure. K thru 12 engages in fraud daily -- specifically in the inner-city. Social promotion, non-performance management of poor teachers, corrupt unions, wasteful spending, conclusion between those elected and union officials. The list goes on and on. The priorities are not on the student population. How can you ignore the facts? For example, the City of Chicago has over 160 schools that do not have books in the library. Quite a few taxpayer dollars spent here I would think.
Furthermore, over 60% of students that attend a community college -- and fail -- end up attending a for-profit entity. Why -- the community college has zero support for them. The community college is an extension of the same systems that monitor and manage K-12. Furthermore, they are fiscally irresponsible and a bastion for political hack employment. The community college systems loves to speak about a placement rate. Yep -- they graduate 14 students and place 13. However, during the course of the program -- the maintained a retention rate of less then 20%.
And -- we love to discuss cost ... that community college is cheap. It greatly helps with the reduction of student debt. Well -- that is debatable. The community college is subsidized via state tax dollars. Meaning, the community of taxpayers pays for the individual. There is no return on the investment from a repayment basis. If you were to compare apples to apples -- the program costs are similar (CC to Profit). In addition, at least when title 4 funds are used -- there is a repayment vehicle. That does not exist with community colleges. Hence -- default rates are non-existent. However, they have very high bad debt levels that are not reported.
These factors all add to why the for-profit industry exists. If the traditional environment was able to conduct their role -- as designed -- there would not be such a great need. Therefore, fault lies not with those in the for-profit industry -- but with others. You might want to tell Haperlin to take a look their as well.