In recent years, for-profit universities and colleges have increasingly come under scrutiny for their marketing tactics and admissions standards. Critics point to the large proportion of student loan defaults among industry operators and an abnormally high drop-out rate compared with traditional colleges. Additionally, bad press has caused many would-be enrollees to search for other options. As a result of these factors, industry revenue has declined over the past five years. In the coming years, revenue for the For-Profit Universities industry will increase, but heightened regulation and scrutiny will keep industry growth slow. Despite increased lobbying efforts, operators are anticipated to have to contend with new rules that oversee admissions standards, gainful employment and access to federal financial aid programs.
This industry includes colleges and universities that offer academic courses at associate, baccalaureate or graduate levels on a for-profit basis. A high school diploma or equivalent general academic training is an admission requirement. Instruction may be provided in a variety of settings such as educational institutions, the workplace, the home, training facilities and through correspondence, TV, the internet or other electronic or distance-learning means.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.