there are various options available for graduates of high schools across the United States. Some of them choose to go to college or university, but even making that choice gives you a lot of options. There are basically two categories of schools, though, that I want to address in this statement this morning. One category is called for- profit colleges and universities, and the other is the traditional not- for-profit colleges and universities, which would include your community colleges and public universities and many not-for-profit, private universities. But I want to focus this morning on the for-profit colleges and universities in the United States. People sometimes can't make the distinction between which is which. Some of the big names in the for- profit industry include the University of Phoenix. That is one you probably heard of. DeVry University is another one you might have heard of. There are some defining characteristics of these schools. They, of course, are in business to make money, and they have a different economic model than many of the other universities. I have met the CEOs of for-profit colleges and universities and found that in some cases they have limited or no experience when it comes to education. They are investors. They are business people. The idea of education is a secondary part of why they were chosen.…
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