How do for-Profit Colleges and Universities Maintain Enrolment Rates to continue their Financial Health
Luis Miguel Dos Santos
Woosong Language Institute, Woosong University, Daejeon, South Korea.
https://orcid.org/0000-0002-4799-8838
DOI: https://doi.org/10.20448/journal.509.2020.71.69.75
Keywords: College administration, College financial management, Enrolment management, Faculty management, For-profit colleges and universities, Distance learning.
Abstract
For-profit, post-secondary institutions significantly increased in numbers within the last two decades. In the United States, many for-profit colleges and universities offer distance-learning-based and self-paced-based academic and vocational programs from certificate to doctoral degree level to non-traditional, returning, evening and adult students who cannot enrol at one of the on-campus, day-time programs for traditionally-aged and full-time students. A large number of for-profit colleges and universities employ different strategies to maintain effective numbers of student enrolment and collect enough budget for financial health. This literature paper explains the overview of for-profit colleges and universities in the United States including donation and income sources, enrolment management, employment management and customer-oriented service with the question of how for-profit colleges and universities can survive in the current, rapidly changing environment containing many different competitors. The literature review also provides a brief section about how nursing programs at the for-profit colleges and universities continue their operation in the current financial and educational environment.