{"id":23316,"date":"2017-02-28T11:36:03","date_gmt":"2017-02-28T11:36:03","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=23316"},"modified":"2017-02-28T11:36:03","modified_gmt":"2017-02-28T11:36:03","slug":"mixed-picture-profit-college","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/sports\/mixed-picture-profit-college.html","title":{"rendered":"Mixed Picture for a For-Profit College"},"content":{"rendered":"

\n\tMixed Picture for a For-Profit College<\/strong><\/span>
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\n\tMixed Picture for a For-Profit <\/strong>College :<\/strong> Berkeley College, whose Manhattan campus has a men’s basketball team with a 50-game winning streak, is one of four for-profit schools placed under investigation in 2015 by New York City’s Department of Consumer Affairs over concerns about high dropout and <\/span>loan-default<\/span> rates.<\/span>\n<\/p>\n

\n\tThe investigation is continuing, Abigail Lootens, a department spokeswoman, said. She declined to discuss the case further.<\/span>\n<\/p>\n

\n\tAngela Harrington, Berkeley’s assistant vice president <\/span>for<\/span> communications and external relations, said in an email last week, “Berkeley College responded to questions raised by the department in early 2015, and no further activity ensued.”<\/span>\n<\/p>\n

\n\tAccording to research by the Equality of Opportunity Project, Berkeley’s New York State branches rank 45th out of more than 2,000 schools in so-called mobility rate, which measures the percentage of students who came from homes in the <\/span>bottom-fifth<\/span> income bracket but reached the top fifth.<\/span>\n<\/p>\n

\n\tQuantifying loan default rates is complicated. The federal Education Department lists so-called cohort loan default rates for colleges, and its most recent data said the rate at Berkeley’s New York State campuses was 11.2 percent for the 2013 fiscal year, compared with 11.3 percent nationally. But the department’s College Scorecard says the percentage of Berkeley-New York students who have made some form of federal loan repayment within three years of leaving school is 32 percent, compared with 46 percent among all colleges.<\/span>\n<\/p>\n

\n\tOf 10 former Berkeley basketball players interviewed about their experiences at the school and their college debt, <\/span>only<\/span> one said he was defaulting.<\/span>\n<\/p>\n

\n\tFor-profit schools like Berkeley typically offer vocational programs in fields like marketing and criminal justice. The median annual family income of Berkeley students is $30,100 — among the lowest for colleges in New York State, according to an analysis by The Upshot of a study last month on intergenerational income mobility and student outcomes by the Equality of Opportunity Project.<\/span>\n<\/p>\n

\n\tAccording to the Department of Education’s College Scorecard, the average annual net cost for federal aid recipients to attend Berkeley’s New York State campuses (after all scholarships and grants) is about $24,600. The average for all colleges nationally is about $16,130.<\/span>\n<\/p>\n

\n\tBerkeley-New York’s graduation rate for students receiving federal financial aid is 30 percent, according to the College Scorecard, compared with 42 percent nationally. Berkeley students who receive federal aid have median earnings of $39,000 at the 10-year mark after entering the college, compared with a $33,500 national average.<\/span>\n<\/p>\n

\n\tsource:-https:\/\/www.nytimes.com\/2017\/02\/27\/sports\/ncaabasketball\/berkeley-college-investigation-loan-default-tuition.html?rref=collection%2Fsectioncollection%2Fsports&action=click&contentCollection=sports&region=stream&module=stream_unit&version=latest&contentPlacement=4&pgtype=sectionfront<\/span><\/p>\n

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