Why Do You Think They Are Called For Profit Colleges?

Carey's main argument is that for-profit colleges should take less financial aid. One claim that Carey makes is that large and growing numbers of college graduates of these for-profit universities are having trouble paying their loans back. He supports this claim by addressing the horror stories of how aggressive recruiters are persuading students to take out huge loans for almost worthless degrees. He brings up the idea of how the Obama administration is proposing to cut off federal aid to for-profit colleges due to the unmanageable amounts of debt that these schools put their students in. Another claim of Carey's is how absurd it is that these for-profit colleges are refusing to acknowledge their actions and are denying the fact that they are purposefully getting their students into unreasonable financial situations at the price of their own benefit. He supports his claim by talking about how for-profit universities charge much higher rates than public colleges and universities and how large debts plus small incomes end up with high risk defaults. Carey acknowledges the "90/10" rule. A rule that shows that for-profit universities receive more than 90 percent of their revenue from federal aid. Carey's final claim is how for-profits are not all bad. They do provide their students with things that public colleges and universities do not. They provide the easy access for students to take classes either online or in the evenings. They have a more flexible schedule so that the classes appeal to people's various schedules and workloads. Carey's first two claims about the negatives of for-profits were effectively persuasive and supported. They were backed up with various examples and reasons to why the claims were true. The positives of for-profits fell short of evidence to support his claim. There was more effective evidence for the negatives of the for-profits than there were for the positives.