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New For-Profit Classification System
July 3, 2012

The Institute for Higher Education Policy has devised a new classification system to measure the performance and characteristics of for-profit colleges and universities. The framework is an attempt to look at for-profits in a less monolithic way, said Michelle Asha Cooper, the institute's president, and also to be "more outcomes-specific" when tracking the sector. One key measure is a look at markets where for-profits have expanded their operations, and the relative affluence of those markets. Parts of California, for example, have seen rapid growth, according to the system's accompanying report.

The target audience for the framework is lawmakers, Cooper said, adding that it could be used to help inform state-level policies. However, Cooper said findings gleaned from the system are likely to be complex and difficult to generalize. "It doesn't put institutions in neat little buckets," she said.

 

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