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Since the beginning of the COVID-19 pandemic, the federalgovernment and higher education institutions have fed the public a steady diet of bad enrollment news. Over half a million – 579,000 to be exact – Black students have left the American higher education system since 2011. But we need to look closer at the data.
Adjusting for inflation, students today have paid less and borrowed less money to cover the price of net tuition than their peers throughout the last 20 years thanks to increasing avenues of financialaid, according to a comprehensive report from the College Board, “Trends in College Pricing and Student Aid 2024.”
Amy Ellen Duke-Benfield, managing director of policy and research at Higher Learning Advocates, a bipartisan nonprofit that works to improve outcomes for students, said the federalgovernment is lagging behind state leaders, who already have been talking about how to define a high-quality postsecondary program.
From 2011 onward, the College Meltdown was most visible with for-profit colleges and community colleges, but other non-elite schools and for-profit businesses were also affected. Problems with the federalgovernment'sfinancialaid system may mean that a significant decline in enrollment at non-elite schools occurs this fall instead of 2025.
It also announced it would seek to ban Andrew Clark, the CEO of Ashfords demised parent company, Zovio, from contracting with the federalgovernment. In fact, at a hearing focused on Ashford way back in 2011, then-Senator Tom Harkin (D-IA) declared Ashford an absolute scam.
Finally, there is ultra-wealthy Arthur Keiser and his Keiser University, whose 2011 conversion from for-profit to non-profit was comparable to Carl Barney and CEHE: a sale of the for-profit school owned by Keiser, at a remarkably high valuation, to a non-profit controlled by Keiser.
The Keisers created controversy and were eventually penalized by the IRS for a shady 2011 conversion of Keiser University from for-profit to non-profit, in a deal that allowed the couple to continue making big money off the school. What exactly waste, fraud, and abuse seems to mean in the context of the Trump/Musk effort is troubling.
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