This story answers a question that’s puzzled me for years: Why does anyone pay hefty tuition at a for-profit college when there are much cheaper public colleges and universities? Time is money. From the Los Angeles Daily News.
Marcos Valdivia, 34, of Burbank, considered going to California State University, Northridge, for his accounting degree, but instead chose DeVry University.
“I knew students who went (to Cal State Northridge) and it was taking them seven years to graduate and the classes were very big,” Valdivia said. He added that it only took him a year and a half to complete his bachelor’s degree at DeVry after getting his associate’s degree at another school.
Even though tuition at for-profit schools is more expensive than at Cal State schools — about $11,000 a year versus $2,000 — many students said they were prepared to pay more or take out loans to attend the for-profits so they could graduate more quickly and join the work force earlier.
Employers no longer look down on graduates of for-profits, says the Daily News.