Clark has been a strong advocate for private, for-profit colleges for years. He’s believed that without the profit incentive, a lot of four year colleges look at everything as “cost plus.” That’s why tuition rates have gone up way beyond the rate of inflation. But there is a need and opportunity to bring efficiency into the world of secondary education. More than two million people are now attending for profit colleges. Unfortunately, in that area, there are a lot of schools that aren’t any good. A Wall Street Journal investigation revealed how powerful politicians are trying to give those below par schools access to these federally subsidized student loans. We, the taxpayers, are subsidizing the schools. There are 8 regional organizations in the U.S. that review a college and determine whether that school meets the requirement for earning accreditation. You need to go to an accredited school so your credits can be used or transferred at a grad school or other institution. So, before you consider one of these schools, make sure you find out if they are accredited by one of those accreditation bodies. If not, you could b eon the hook for a ton of money. Some of these schools make students sign contracts showing that they owe money even if the education they received is worthless. The worst part is that some officials in the Department of Education are in cahoots with these schools. Here is the list:
• Middle States Association of Colleges and Schools Middle States Commission on Higher Education
• New England Association of Schools and Colleges Commission on Institutions of Higher Education
• New England Association of Schools and Colleges Commission on Technical and Career Institutions
• North Central Association of Colleges and Schools - The Higher Learning Commission
• Northwest Commission on Colleges and Universities
• Southern Association of Colleges and Schools Commission on Colleges
• Western Association of Schools and Colleges Accrediting Commission for Community and Junior Colleges
• Western Association of Schools and Colleges Accrediting Commission for Senior Colleges and Universities
