The Future of College Education

Written By Danny Weil
December 18th, 2009

I am sitting in my office looking at a March 12, 2009 letter from the President of the University of Phoenix, William Pepicello, written as a letter to the editor to Business Week magazine in response to the magazines article entitled, “For-Profit Colleges: Scooping up the Stimulus”. The letter alleges that the article vilifies the private sector of education and goes on to angrily note that the article promotes the idea that the stimulus package by Obama for education, $85 billion dollars, will enrich the more than 2,000 for-profit colleges, when it in fact only replaces lost revenue by increasing Pell Grants.