For-Profit College Vows Funds for Some Unemployed Graduates

June 16, 2011

Westwood College, which has been among the institutions singled out by U.S. senators critical of for-profit colleges, announced Wednesday that it would provide up to $500 a month for six months to certain graduates who fail to find jobs in their fields within six months of earning their degrees. The "employment pledge," as Westwood calls it, would be available to students who earn at least a 3.0 grade point average and work with the college's career office to actively pursue a job. In return, eligible bachelor's degree recipients could earn up to $500 a month and associate degree recipients up to $250 a month for six months. "We're so confident that an education at Westwood will prepare you for a brighter future, we're putting our money where our commitment is -- on your success," the college said in a news release. A spokesman for Westwood said that about half of its graduates earn a 3.0 average, and that the program was designed in part to give more of them an incentive to do so.

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