...For-Profit colleges are financial risks for students because they don’t teach the students as properly as they do in non-profit colleges. The students take out big loans for their classes and the for-profit colleges have a low graduation rates than non-profit. For-profit college recruiters try to convince the students that they can afford to attend the college by talking out loans available through the college. There are many reasons why for-profit colleges are not the best colleges but, one of the biggest reasons is for-profit colleges having a low graduation rates. For-profit colleges have the worst graduation rates because most of the students end up dropping out. “Graduation rates at for-profits are extremely low (Susan Dynarski.pg 2).”...
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...Their CEO? April Peck Daniel Webster College October 27, 2014 Executive Summary ITT Education Services, Inc. has been under a vast amount of scrutiny in the past year, not only from the media, but the government as well. How does a company like ITT Educational Services, Inc. overcome this scrutiny? With enacting a new CEO, what will that new CEO need to do in order to change the corporate culture and their strategy? Research that was conducted will show that there are other companies who have found themselves in a similar situation as ITT Educational Inc., as well as what they have begun to do in order to be successful in getting through these issues, while increasing how potential customers felt about the company. Along with this information, research was conducted to show what steps ITT Educational Inc. has already done in order to change their processes to become a more student focused company. In conclusion you will see that the research shows that while ITT Educational Inc. is in dire straits those steps that they have taken will assist with getting the company out of the hole they find themselves in now. Also, it will show that a new CEO can come into this company and with the right structure and strategy can take this company from where they are now to a company that has the ability to feel the same success they felt in early 2000, a while following the government policies that have been put in place for all for-profit educational companies. ITT (International...
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...Imagine trying to improve your life by getting an education and then realizing that you had only made it much worse. Many students pursue a degree or certification at a college or university with the goal of making a better life for themselves, but sometimes that is not what happens. Students many times can leave college with debt, bad credit, and few job perspectives. This can happen to students no matter what school they choose to attend but it happens more often to students who attend for-profit colleges. This is what happened to Jeff Sutherland; a thirty-two-year-old Army veteran with a wife, two small children, and nearly forty-thousand dollars of debt from student loans. Sutherland was discharged from the Army after receiving an injury....
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...my next set of classes I missed the first day of class and I was withdrawn immediately. I didn’t know that I would be withdrawn. The school told me that I owed a lot of money. I was confused because I wasn’t borrowing money from them. I had my pell grant and my federal loans. I was also in the hospital for the last week of the first semester. I have documentation of that, and they told me that it didn’t matter. So I searched for other schools that could help me understand what was happening. I had considered talking to Kaplan University. I was speaking to an admissions counselor and she told me that this shouldn’t have happen. She was also confused by this. She explained how they do their attendance programs and informed me that online colleges are quite similar. So I tried Kaplan University. After about 9 weeks I had to withdraw from the school because I was in an abusive relationship, I had to leave all of my belongings behind. I had to move into a shelter and I didn’t have access to a computer. Once I got back on my feet I knew that I still wanted to pursue my educational dreams. I came across Everest University, and so far I am enjoying it. Sincerely,...
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...Introduction The company that was selected was DeVry University; Student Central is the office within DeVry. DeVry University provides applications-oriented undergraduate and graduate programs in business, technology and management to more than 85,000 students each year at locations across North America as well as online. DeVry University is a school that fosters student learning through high-quality, career-oriented education integrating technology, science, business and the arts. The university delivers practitioner-oriented undergraduate and graduate programs onsite and online to meet the needs of a diverse and geographically disperse student population. Student Central is the one-stop shop for student service. Student Central provides a variety of services all focused on ensuring student success. Every student is assigned a Student Success Team, whose main purpose is to support their student’s educational objectives, ultimately resulting in graduation. Success Teams are comprised of two members a Student Success Coach and a Student Finance Consultant. • The Student Success Coach provides students with proactive assistance including academic advising, developing plans of study, registration, and follow-up on degree completion progress. • The Student Finance Consultant assists students with developing a personalized plan to finance their education and ensures the plan is periodically updated to meet the student’s needs. Types of Industries DeVry University...
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...Stupidity is Free. A Degree is Not. A brief history Harvard College was one of the first colleges founded in the United States; upon its conception, the college’s main purpose was to train young men for the ministry. Harvard was modeled after Oxford and Cambridge universities (About Harvard College). During the early 19th century, smaller colleges were founded to help young men transition from rural farms to urban occupations. Prestigious colleges at the time became more exclusive by concentrating on the children from wealthy families, ministers and a few others. Those prestigious colleges and universities are still very exclusive today mainly due to their expensive tuition. Students who attend these colleges are generally from wealthy families, have scholarships for high academic achievements or graduate with extremely high loan debts. In the early 20th century, junior colleges or now known as community colleges were created to prepare students for the final two years of college. Later in the 20th century state colleges were created to provide higher education at a lower tuition cost. Due to the rise of community and state colleges, students now have the opportunity for higher education, and college became part of the American dream for both students and their parents. Over the past, half a century students have been working diligently to prepare for college with the hopes of graduating with a degree that will provide them with the career of their...
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...average, division one schools spend $91,936 per athlete; Is this too much? Many people believe colleges spend loads of money. Whereas others agree to spending money on athletic programs. Many schools have benefited from the exposure of the sports teams by the noticing of perspective students, the profit made by the sports, and earning money from championships. Colleges should be involved in sports and then earn money for other programs. The colleges with sports make a profit for the school. In an article by CNN Money, it says "Louisville basketball makes a forty-million-dollar profit on the year." Also 123 division one schools profit and earn 315 million dollars combined. It would be beneficial to have a well-built sports team if they make the college that much of a profit. For this reason, colleges should spend money on sports teams....
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...Chapter Three 3 Fundamentals of Cost-Volume-Profit Analysis Orientation P A R T 1 LEARNING OBJECTIVES Preparing and Organizing Yourself After reading this chapter, you should be able to: for Success in College L.O.1 Use cost-volume-profit (CVP) analysis to analyze decisions. L.O.2 Understand the effect of cost structure on decisions. L.O.3 Use Microsoft Excel to perform CVP analysis. L.O.4 Incorporate taxes, multiple products, and alternative cost structures into the CVP analysis. L.O.5 Understand the assumptions and limitations of CVP analysis. C H A P T E R S I N P A R T O N E 1 2 Making Yourself Successful in College Approaching College Reading and Developing a College-Level Vocabulary Approaching College Assignments: Reading Textbooks and Following Directions 3 ✓ Related Resources See pages 000 to 000 of the Annotated Instructor’s Edition for general suggestions related to the chapters in Part One. 1 cor50782_ch01_001-072.indd 1 10/5/09 11:09:2 P A R T I opened U-Develop because I love photography and I wanted to own my own business. I now get to spend most of my day working with employees and customers making sure that the photos they take are the best they can be. It also gives me a chance to encourage younger people who have an interest in photography, because I work with many of the school groups and after-school clubs here in town. That’s the fun part of the job. But I also have to think about the financial side of the business. I need a systematic way to understand...
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...Should College Athletes Get Paid Ever wonder if college athletes should be paid? A debate that comes up every year is that if college athletes should be paid or should not be paid. College athletes should not be paid for these three reasons: college tuition should be enough money, the NCAA is a non-profit organization, and the college athletic departments will not be able to afford to pay the players. z College athletes get a scholarship and free tuition which costs enough so they do not need to get paid. College tuition is a lot of money and most out-of-state public schools cost around $23,000. If the athlete would go to a private out-of-state school it normally cost around $32,000. That is a ton of money to have just handed to you so you can play sports. “Essentially they receive a...
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...The college that I was required to give you a final Project was with Lee College which is a not-for profit college. There assets will be categorized under the FASB 116 & 117. This would be the category that they would need to categorize there assets. As per the graph you will see that the columns used to classify the revenue, assets was Unlimited, Temporarily Limited, and Permanent. When using the columns listed above they should be able to record income assets correctly just in case they are required to provide documentation for the Charity. As you have seen above Lee College provided several different reports which will assist them in the way the Activity , Unlimited Earnings, Expenditures as well as the other Alternations in Unlimited Ney Assets, and a report of Alterations in Net Assets are recorded. Let keep in mind that the report of Earnings , Expenditures as well as the other Alterations is considered to be unlimited Net Assets the expenditures are Academic, General, and Auxiliary activities. We should also keep in mind that they have an additional report that is called the report of Alterations which shows the net assets was completed since it is need to demonstrate alterations in Lee Colleges Temporarily Limited, with permanently limited Net Assets. Be aware that a lot of the assets will not be shown on the Net Assets side of the reporting. Per the enclosed information is shows that Lee College has a private not-for-profit college and can’t seem to be to rich...
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...In recent years for profit schools in the United States have faced backlash. Under president Obama’s administration, the department of education heavily discouraged students from attending for profit education. (Coheen 2016) The department of education cited reasons like the significantly high overall debt in for profit school compared to their non profit counterparts. They account for 35% of defaulted debts while only being 27% of all college debts. For profit schools have been accused of targeting low income individuals and veterans. (Anderson& Taggart 2016). These individuals are often misled into thinking that they would have better jobs once they graduate, so they sign hefty loans or squander their GI bill on these schools. Some schools...
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...The Federal Government made $41 billion in student loans in 2013. The government made more profit than Google did last year. This amount of money was only from student loans. Consequently, students have to decide between their loans or their diploma. Low-income students have trouble paying back student loans because colleges can be expensive and students are attacked by for-profit colleges and students are pressured about their type of education. Low-income students are attacked by for-profit colleges and have been forced to carry the burdens of debt while dealing with low-moderate incomes and the pressure of not pursuing a higher education. For-profit colleges are established or operated with the intention of making a profit. “...nearly one-fourth of students from for-profit colleges default on their loans within three years of leaving school, most without a degree” (Cauchon). For-profit colleges are unfair in their approach of handling money. These schools victimize students insensitive to background, race, or income levels and they do not distinguish their programs from public and independent schools. To summarize, for-profit colleges are becoming more and more demanding of students and are the main cause of student loan issues. Arnold Mitchem is the...
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...A college athlete plays for the love of the game and to show support for his or her school. Supporting the university and supporting your fellow students is not enough in return for all that you are expected to give. College athletes go above and beyond their duties and should receive some type of financial relief for their efforts. The pressure of maintaining a standard grade point average, along with practices and games to be won is a lot for anyone to live up to. Doing all this while trying to pay your tuition, car insurance, car note and keep food on the table. That may seem possible for those students that don’t have to support a family. If the student has a wife or kids this may all seem to be completely impossible to accomplish without...
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...are integrated into a government’s accounting system, estimated revenues are debited. 7. Encumbrances and expenditures both reduce total fund balances of state and local governments. 8. Not-for-profit budgets focus first on revenues and secondarily on expenditures. 9. State and local governments’ budget-to-actual comparisons present both original and final budget amounts. 10. Cash-basis budgets help governments focus on interperiod equity. 11. Reserve for encumbrances accounts should be closed at year-end. 12. Capital budgets concentrate on long-lived assets Chapter 12 1. FASB Statement No. 117 directs that revenues and expenses be reported in a statement of financial position. 2. In the statement of activities, FASB Statement No. 117 requires revenues to be reported as increases in one of the three categories of net assets, depending on donor-imposed restrictions; however, all expenses should be reported as decreases in unrestricted net assets. 3. Restricted contributions may be reported as unrestricted if the restriction has been met in the same period as the contribution is made. 4. FASB Statement No. 95 requires not-for-profits to use the direct method in their statements of cash flows. 5. In accounting for investments, not-for-profits, like businesses, must report their investments at fair value and classify the...
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...Paper: Should College Athletes be Paid? To have a good research paper, you need to have a good topic that has created many diverse points on each side of the debate. For example, it should be easy to create arguments that relate to the topic. I have chosen to do my research project on whether college athletes should be paid. I have always enjoyed sports and i think this would be a great topic for me to pursue. For many years now the NCAA and College Universities have been debating whether nor not athletes should be paid. Each year the debate gets more intense. I picked this interesting topic because over the past couple years I have been hearing a lot of conversation whether college athletes should be paid. This biggest reason this topic is coming about is because top colleges make enormous profits on athletics. In fact, it’s been said that D1 schools make hundreds of millions of dollars. For example, Alabama has made over 90 million dollars in profit due to superior athletics. Because of this, questions have been raised whether or not athletes creating the money should get paid for it. If college athletes were to get paid, a lot would have to happen. The NCAA would have many questions to answer. What sports get paid? Do all athletes get paid? Will Divisions 2 and 3 athletes get paid? How much will the athletes get paid? Paying college athletes would certainly be a difficult task, but it’s defiantly an interesting topic to talk about. In my opinion, I believe paying college athletes...
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