I have a piece up on Campus Progress on a school called Daymar College, which shows some of what's wrong with the for-profit education industry. Check it out:
Welcome to Daymar College, located in Owensboro, Ky. Students at Daymar pay $36,979 per year to attend the institution, and 97 percent of its students receive some type of financial aid. Pell grants, which go to low-income U.S. students, are distributed to 73 percent of those attending Daymar.
The most popular program at Daymar is its 12-18 month program to train pharmacy technicians/assistants, a job that, according to data from the Bureau of Labor Statistics, pays a median salary of $13.32 an hour. At that rate, assuming a graduate of the program can get full-time employment as a pharmacy technician and work 40 hours a week, he or she will make $27,705 a year.
But that’s just for students who actually graduate. Daymar College’s overall graduation rate is just 38 percent, according to its own self-reported data provided to the Department of Education. That means that means that just four in ten students have completed a one-year program in 18 months.