The American capitalist system is a tremendous example of a financial engine which has raised the standard of living for citizens, particularly over the past two or three 
generations. Per capita income has never been higher and we’re living much longer.
Schools of higher education, traditionally, have either been publicly run or privately held, with very few for-profit institutions out there. Rigorous government educational standards plus competition from well established schools made for-profit schools a difficult undertaking, but that all began to change in the 1980s when a commercial school by the name of the University of Phoenix (UP) got started. Today, UP has the most students enrolled of any school in the country with many of their students taking classes online and on their own time.
UP isn’t the only commercial school out there. In fact, this segment of education is one of the fastest growing in higher education. With growth, has come problems including lower admission requirements, funding problems, inadequate facilities and a perception by some that the degree or certificate the student receives is of lesser value than what a public or private school has to offer.
One school in New York is closing, Interboro College, due to the lack of funds available to meet stricter admission requirements imposed by the state of New York. Students will be able to finish out the semester before the school closes and will have the opportunity to transfer to another school run by the company managing Interboro. For its part, New York has moved to limit the number of commercial colleges in a bid to control their explosive growth and attendant problems.
SayCampusLife will be keeping tabs on the commercial college phenomenon. We believe you should choose where and how you will be educated, but we’ll also point out problems in the educational system to keep you informed.
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