economic questions need to be answered asap
After reading the provided articles, one statistic I found startling was the amount by which enrollment in private, for-profit colleges has increased. ; According to “The Economics of Higher Education” report, “Approximately 9 percent [of college students] attend a private for-profit (i.e., “proprietary”) institution.” ; The article also states that enrollment in these schools is growing very rapidly compared to other colleges, jumping “from 200,000 students in the late 1980s to nearly 2 million students today.” ; What I am struggling to understand is ;why are students flocking towards these schools instead of community colleges or public tech schools? ; This is especially puzzling, considering that Susan ;Dynarski ;in her NYT article states that private, for-profit schools “almost always charge much higher tuition, and their students take on larger loans.” ;
I wanted to take a closer look at ;Dynarski’s ;claim for myself, though it did agree with “The Economics of Higher Education” report. ; So, I made a case study. For my case study, I compared Florida automotive tech programs at a public ;tech college to that of ;private, for-profit ; tech college. ;
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The Florida Panhandle Technical College (public tech college) in ;Chipley, FL offers an automotive mechanic program for in-instate residents for about $3,000 Tuition total. ; This is reported clearly on a single ;webpage. ; A similar program is offered at the Universal Technical Institute (private, for-profit college) in Orlando, FL. ; The cost of this program for in-state residents as best as I can tell is about $27,000 Tuition total. ; I say this is “as best as I can tell” because the website led me through a set of very intrusive questions, showed me potential salaries, and showed me monthly loan payments options for tuition costs ;before it even ;brought up a report for tuition. ; It took me about 15 minutes to go through it.
James ;Rosenbaum, a sociologist at Northwestern University, gave his opinion of why students are opting for more expensive private, for-profit colleges. ; The two main reasons for this trend, according to his studies, are that private, for-profit colleges tend to have superior advertising and better counseling departments than comparable community colleges. ;While those reasons are convincing, they are not related much to the economics topics we have studied. ; So, I pose this question to the class (which expounds upon my question in the first paragraph), ;what ECONOMICS reasons can you reasonably hypothesize could cause the demand for private, for-profit colleges to increase so much even though they cost much more than their peer public institutions?
1.you need to answer the question (at least 200 charaters): ;what ECONOMICS reasons can you reasonably hypothesize could cause the demand for private, for-profit colleges to increase so much even though they cost much more than their peer public institutions?
2.after reading the articles, write a 200 characters answer.