Protect Maryland students from predatory for-profit colleges and career schools
Each year, about 30,000 Maryland students are enrolled in for-profit colleges and career schools. Unfortunately, only a small portion will go on to graduate and even fewer will find jobs in their chosen fields. But nearly all of them will end up in vast amounts of student debt.
And it’s no wonder why:
- For-profit schools cost at least twice as much as public colleges and universities, and often times three to five times as much.
- In Maryland, the average debt for students at for-profit schools is $18,083, compared to $5,610 for students at comparable public schools.
- Only 30% of those pursuing a bachelor's’ degree at for-profit colleges in Maryland go on to graduate, while 51% do from public universities.
- Despite the high costs, only 42-69% of those who do manage to graduate from a Maryland for-profit school find any job at all.
The majority of the students entering for-profit schools come from low-income backgrounds and turn to higher education to get a job that will provide economic security for themselves and their families. For-profit institutions actively recruit low-income students and returning veterans, because both qualify for the highest amount of federal student loans.
Prospective students deserve to know the costs of the program, graduation rates, and employment rates in order to make an informed decision. Students who have encountered problems at a for profit school need a way to recover their tuition and other costs if the school doesn’t deliver on its promises.
Sign our petition and join the movement to demand better protections for students in for-profit colleges and career schools! Let our elected officials know that Marylanders will not stand for unfair practices in the education arena.
- Maryland General Assembly
I am writing today to share my support for Senate bill 427 and House bill 741, which will create stronger regulations on predatory for-profit colleges and career schools, as well as better protections for students in these institutions.
Currently in Maryland, almost 30,000 students attend for-profit schools and pay at least twice as much as students at public colleges and universities. A for-profit school student graduates with, on average, three-times more debt than her public school counterpart. Compared to public college students, for-profit graduates are far more likely to default on their loans and far less likely to become employed in their field. Only 30% of those pursuing a bachelor’s degree in Maryland for-profit schools go on to graduate compared to 51% of students at comparable public schools. Of those 30% who manage to graduate, only 42-69% will go on to find any job at all.
For the good of Maryland's students and educational institutions, I support the passing of these bills. I hope you will help us make the education arena a safer and fairer place for all.
Thank you for your time and attention to this issue.
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