With so many colleges to choose from, it can be difficult to figure out which school will be an ideal fit for you. Most US colleges are nonprofit schools committed to educational quality. But have you heard of for-profit colleges? What is a for-profit college exactly, and how does it differ from nonprofit colleges?
In this guide, we give you the for-profit colleges definition and go over why for-profit universities have such a bad reputation in the world of education. We then give you a complete list of for-profit colleges in the US.
What Is a For-Profit College?
A for-profit college is a school that is owned and operated by a private business or corporation. A group of shareholders, or investors, makes all of the decisions for the school, always with the aim of turning a profit.
Essentially, for-profit colleges prioritize shareholders over students in their efforts to make money. Most for-profit colleges have programs that are heavily career- or tech-oriented as these areas of study are in higher demand and usually result in better revenue for the college.
For-profit colleges also tend to cater to nontraditional students by offering evening and online classes. Some well-known for-profit universities include DeVry University and the University of Phoenix.
This profits-driven model differs greatly from that of nonprofit colleges. At nonprofit colleges, profit doesn't matter—the overall aim is to give students a high-quality education and help them achieve their academic and professional goals. There are no shareholders or owners; rather, the college is publicly owned and managed by a board of directors or trustees.
Though all for-profit colleges are private, nonprofit colleges can be either public or private. Public nonprofit colleges are funded by state governments, whereas private nonprofit colleges are funded privately through tuition, donations, endowments, etc. Note that private nonprofits are still run by a board of trustees, not shareholders.
The main difference between a private for-profit college and a private nonprofit college is that the former focuses on making a profit, while the latter puts students' needs first.
This is the basic for-profit colleges definition. Now, let's take a look at why these schools get such a bad rap in the world of education.
Why Most Students Avoid For-Profit Colleges
Most people associate for-profit universities with words that have strong negative connotations—words such as "scam," "rip-off," and "unaccredited." And these people aren't exactly wrong.
The major issue with for-profit colleges is that because they put profits first, they are not focusing on providing a quality, affordable education to students. While a nonprofit college will support its students no matter what—even if it means having to suffer losses that year—a for-profit school will not hesitate to cut programs that aren't making them money and hike up tuition costs.
According to data released by the National Center for Education Statistics, annual tuition at four-year for-profit colleges is on average $17,000—that's $8,000 a year more than the tuition at a public nonprofit college.
Even more shockingly, the College Board's 2018 Trends in Student Aid report shows that a startling 32% of students who earned a bachelor's degree from a for-profit college were left with more than $50,000 in student loans. This is huge compared to the 12% who had the same at private nonprofit colleges and the mere 7% at public colleges.
In addition, an undergraduate education at a for-profit college usually takes longer than four years, meaning that a degree from a for-profit college is often both costlier and more time-consuming than is a degree from a nonprofit school. As the College Board reports in its 2019 Trends in College Pricing, 30% of students at for-profit colleges earned their degree within five years, compared with 68% of students at private nonprofit schools and 59% at public schools.
Finally, the reputation of for-profit colleges just isn't that good. Many for-profit colleges have had run-ins with the law and been accused of fraud and deceit. What's more, any credits you got from a for-profit college likely won't transfer to nonprofit schools as the classes and degrees they offer simply aren't viewed as having any strong academic value. This is why many employers look down on degrees from for-profit universities.
Despite these cons, a for-profit college can work for some students—as long as you know exactly what to expect from this kind of education, are ready to take on some debt, and are willing to run the risk that your degree might not hold as much value as one from a nonprofit school.
Now that we know what for-profit colleges are, let's take a look at the complete list of for-profit colleges in the US.
Complete List of 4-Year For-Profit Colleges in the US
Here is the complete list of all four-year for-profit colleges in the US. Note that we did not include schools that have stopped enrolling students and are in the process of shutting down. All the for-profit schools below are arranged by state in alphabetical order.
Columbia Southern University (Columbia Southern University/Wikimedia Commons)
- Columbia Southern University
- Herzing University: Birmingham
- Charter College: Anchorage
- Chamberlain College of Nursing: Phoenix
- DeVry University: Phoenix
- Dunlap-Stone University
- Grand Canyon University
- National Paralegal College
- Southwest University of Visual Arts
- University of Advancing Technology
- University of Phoenix: Phoenix-Hohokam
- Academy of Art University
- California Coast University
- Chamberlain College of Nursing: Sacramento
- Cogswell Polytechnical College
- Design Institute of San Diego
- Fashion Institute of Design and Merchandising
- Interior Designers Institute
- NewSchool of Architecture & Design
- Platt College: Ontario
- Platt College: San Diego
- SAE Expression College
- Southern California Institute of Technology
- Stanbridge University
- Trident University International
- University of Phoenix: Central Valley
- University of Phoenix: Sacramento Valley
- University of Phoenix: San Diego
- University of Phoenix: Southern California
- West Coast University: Los Angeles
- West Coast University: Ontario
- West Coast University: Orange County
- American Sentinel University
- Aspen University
- Colorado Technical University
- Denver College of Nursing
- DeVry University: Westminster
- Platt College: Aurora
- Rocky Mountain College of Art & Design
- Paier College of Art
- Post University
District of Columbia
- Strayer University
- University of the Potomac
Full Sail University (Comb4ckszn/Wikimedia Commons)
- Chamberlain College of Nursing: Jacksonville
- Chamberlain College of Nursing: Miramar
- DeVry University: Miramar
- DeVry University: Orlando
- Florida Career College: Boynton Beach
- Florida Career College: Jacksonville
- Florida Career College: Lauderdale Lakes
- Full Sail University
- Jose Maria Vargas University
- Rasmussen College: Fort Myers
- Rasmussen College: New Port Richey
- Rasmussen College: Ocala
- Rasmussen College: Tampa/Brandon
- Schiller International University
- Chamberlain College of Nursing: Atlanta
- DeVry University: Decatur
- Herzing University: Atlanta
- American InterContinental University
- Chamberlain College of Nursing: Addison
- Chamberlain College of Nursing: Chicago
- Chamberlain College of Nursing: Tinley Park
- DeVry University: Chicago
- DeVry University: Online
- Rasmussen College: Mokena/Tinley Park
- Chamberlain College of Nursing: Indianapolis
- Hamilton Technical College
- Grantham University
- Beckfield College
- Sullivan University
- Chamberlain College of Nursing: New Orleans
- Herzing University: Kenner
- Southwest University
- Chamberlain College of Nursing: Troy
Walden University (Bobak Ha'Eri/Wikimedia Commons)
- Capella University
- Rasmussen College: Blaine
- Rasmussen College: Lake Elmo/Woodbury
- Rasmussen College: Moorhead
- Walden University
- Chamberlain College of Nursing: St. Louis
- DeVry University: Kansas City
- Research College of Nursing
- Creative Center
- Herzing University: Omaha School of Massage Therapy and Healthcare
- Art Institute of Las Vegas
- Chamberlain College of Nursing: Las Vegas
- University of Phoenix: Las Vegas
- Berkeley College: Woodland Park
- Chamberlain College of Nursing: North Brunswick
- DeVry University: North Brunswick
- Southwest University of Visual Arts
- Berkeley College: New York City
- DeVry College of New York: Midtown Campus
- Five Towns College
- LIM College
- Monroe College
- School of Visual Arts
- Chamberlain College of Nursing: Charlotte
- Miller-Motte College: Wilmington
- Rasmussen College: Fargo
- Bryant & Stratton College: Eastlake
- Bryant & Stratton College: Parma
- Chamberlain College of Nursing: Cleveland
- Chamberlain College of Nursing: Columbus
- DeVry University: Columbus
- Spartan College of Aeronautics and Technology
Restaurant School at Walnut Hill College (JimmyV/Wikimedia Commons)
- Central Penn College
- DeVry University: Fort Washington
- Restaurant School at Walnut Hill College
- Columbia Central University: Caguas
- EDP University of Puerto Rico: Hato Rey
- EDP University of Puerto Rico: San Sebastian
- National University College: Arecibo
- National University College: Bayamon
- National University College: Ponce
- National University College: Rio Grande
- South College
- Virginia College School of Business and Health in Knoxville
- Chamberlain College of Nursing: Houston
- Chamberlain College of Nursing: Irving
- Chamberlain College of Nursing: Pearland
- Chamberlain College of Nursing: San Antonio
- DeVry University: Irving
- University of Phoenix: Dallas Fort Worth
- University of Phoenix: Houston Westside
- University of Phoenix: San Antonio
- West Coast University: Dallas
- Neumont College of Computer Science
- New Charter University
- Stevens-Henager College: Logan
- Stevens-Henager College: Murray
- Stevens-Henager College: Ogden
- Stevens-Henager College: Orem
- American National University: Salem
- Chamberlain College of Nursing: Tysons Corner
- DeVry University: Arlington
- ECPI University
- Stratford University: Falls Church
- Stratford University: Woodbridge
- University of Management and Technology
DigiPen Institute of Technology (Shuichi Aizawa/Flickr)
- Charter College: Vancouver
- DigiPen Institute of Technology
- Northwest College of Art & Design
- American Public University System
- Salem University
- Herzing University: Brookfield
- Herzing University: Kenosha
- Herzing University: Madison
Why Go to a For-Profit College? 4 Potential Reasons
Though you should generally avoid for-profit colleges, there are occasionally some good reasons for you to consider attending one.
#1: You Can Get Your Degree Faster
Even though the majority of students at for-profit colleges do not earn their degree in less than five years, you'll still have the possibility of getting your degree faster than you would if you were to attend a regular nonprofit college.
This is because many for-profit colleges offer online classes, allowing you to work at your own pace and earn more credits in a shorter amount of time. Remember that you will likely want to spend as little time as possible at a for-profit college considering these schools' high tuition costs!
#2: It Offers Flexible Class Options That You Need
If you're an adult student balancing a full-time job and maybe even children, for example, then a for-profit college can work well for you due to its many offerings of evening and online classes.
Though many traditional schools do offer flexible class options as well, for-profit colleges tend to target nontraditional students more, ensuring you have the ability to make your own schedule.
#3: You Want to Major in a Career-Oriented or Vocational Field
Because for-profit colleges are revenue-driven and will cut classes and programs that don't make them money, you're more likely to find programs at these schools specializing in career-oriented degrees and vocational training.
If you don't care so much about getting a well-rounded education and would prefer to jump right into professional training so you can get started on a specific career, a for-profit college might be a good fit for you.
#4: You Are Having Trouble Getting Accepted Anywhere Else
For-profit colleges typically don't have any admission requirements, meaning they accept anyone and everyone who applies, just as long as you have a high school diploma or GED usually.
This can be a big positive if you're finding it difficult to get accepted to any other schools and don't want to deal with putting together an impressive college application.
Key Takeaways: What Is a For-Profit College?
For-profit colleges are privately owned schools that are essentially run like businesses: their main aim is to make a profit, prioritizing overall revenue over their students' needs and the value of their education. By contrast, nonprofit colleges are publicly owned schools that place a strong emphasis on supporting and educating students, no matter the cost.
So are for-profit colleges bad? Most for-profit universities have a bad reputation due to their high tuition, "worthless" credits and degrees, and lawsuits; however, such a school could work for you if you hope to have more flexible class options and want to engage in real-world training in a specific professional field or vocation.
Just be sure to vet any for-profit colleges before you apply to them. In other words, see whether they've had any legal problems in the past and check that they're accredited.
Ultimately, though, it's almost always a better option to just apply to a nonprofit school!
Are there any good for-profit colleges out there? Our in-depth guide walks you through the top 10 for-profit schools.
Looking to specialize in a specific trade? Then check out our expert guide to what trade schools are and how they work.
Worried about acceptance rates? Ease your anxieties with this complete list of colleges that have 100% admission rates and this list of the easiest colleges to get into, based on admission rates and SAT/ACT scores.
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Hannah received her MA in Japanese Studies from the University of Michigan and holds a bachelor's degree from the University of Southern California. From 2013 to 2015, she taught English in Japan via the JET Program. She is passionate about education, writing, and travel.