Online Learning Update Ray Schroeder, editor, COLRS - Online@Illinois Springfield

Online Learning Update - a blog published daily since 2001 by Ray Schroeder, Professor Emeritus, University of Illinois at Springfield

Saturday, March 20, 2004
Cash-Cow Universities: For-profits are growing fast and making money - William C. Symonds, Business Week

As another workday draws to a close in Phoenix, some 20 adults hurry from their offices to a marketing course at a nearby university. But rather than meet on a leafy campus, they head to class in a spartan, leased office building out by the airport. Their school: the U niversity of Phoenix, the nation's largest private university, with 96,000 students scattered among 134 satellite locations across 28 states. Instead of tenured faculty, over 95% of the university's lecturers are working professionals who teach only part-time. George Francisco, for example, a 23-year veteran of Kraft Foods Inc. (KFT ) who now runs his own food-brokerage firm, is the marketing instructor. Nor are the students primarily 18- to 24-year-olds. Like tonight's class, they tend to be working adults in their 20s and 30s who are looking to get ahead by finishing a B.A. or earning an advanced degree.

 



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