RWS 100
Professor Werry
September 29, 2014
College Inc. Response
In my 12th grade statistics class, a good portion of it was dedicated to college knowledge and
financial literacy. Words such as "default", "deferment", and concepts such as "loan forgiveness" and
"wage garnishment" were commonly used. I'm no stranger to them now; which is good for me
because I understand almost all of terminology used in College Inc. The first two-thirds of
College Inc talk about the head honchos behind for-profit colleges -- how and why they milk money
out of the financial illiterate and those who can pull large sums of money from college loans. They
use call-centers, provocative advertisements, and sometimes get straight to the point and guilt trip
their targets into submission. All of these, from a purely business standpoint, are very good ways to
get what the CEOs and investors want -- capital. Ideally, I want to write my paper about for-profit
colleges in the viewpoint of the investors. Why they decided to invest in companies such as EDMC,
how much profit do they earn, and their opinions on the future of for-profit colleges are the questions
and subjects I [tentatively] wish to cover in my paper.
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