4 ms·
The school spends 60% of its revenue selling itself as an elite education to people who don't qualify or need an elite education. They employ salesmen and incen
by alex504 5y ago
The school spends 60% of its revenue selling itself as an elite education to people who don't qualify or need an elite education. They employ salesmen and incentivize them to be as aggressive as they legally can. They then deliver a subpar education, by every metric, compared to schools that cost half as much.
This is a predatory scam that targets low-income individuals who want an education and a career and pretty much guarantees an outcome of long-term financial instability.
Of course the victims have some of the responsibility, but
>Adults have a right to make poor choices.
Puts these supposedly prestigious schools at about the same ethical level as a casino, a tobacco company or a pay day loan operation. What USC is doing is arguably worse than a casino because it's using the reputation of a prestigious university to take advantage of people who want an education, while simultaneously siphoning money from taxpayers.
- jamestimmins 5y agoWhere are you getting the 60% number? I have an extremely hard time believing this is anywhere close to accurate.
- alex504 5y agoFrom the article: >The social-work school was contractually required to share about 60% of revenue with 2U and ran into financial trouble. My impression was that most of what 2u did was marketing, I might be wrong about that though. It seems like a combination of marketing and their online platform.
- jamestimmins 5y agoAh ok, I missed that. I thought you meant 60% of USC funds were getting redirected 3rd parties like that; my mistake.