Two Almost Entirely Publicly Funded, Booming Private Enterprises

educational / interactive / textual / useless but interesting / visual

For-profit schools are educational institutions that are run by private, profit-seeking companies or organizations.

 

Nine Percent of Students in Higher Education Are Enrolled In For-Profit Schools
Nine Percent of Students In Higher Education Are Enrolled In For-Profit Schools


 

24 Percent of Available Public Funds Are Taken By For-Profit Schools
24 Percent of Available Public Funds Are Taken By For-Profit Schools


For-profit schools made $4 billion in federal grants in 2009 (NY Times)

 

Loan Default Rates Compared
For-Profit Schools Loan Default Rate


44% of those who attend for-profit schools eventually default on their loans (The Pew Charitable Trusts). Defaulted federal student loans lower the revenue available to the government.

 

Private prisons are institutions that are run by private, profit-seeking companies or organizations.

 

Nine Percent of Prison Inmates Are Held In Private Prisons

Nine Percent of Prison Inmates Are Held In Private Prisons



 

Higher Violence in Private Prisons
Violence in Private Prisons


In 2006, $68,747,203,000 was spent on corrections. To date, no significant savings to the taxpayer has been proven to result from the prison privatization. (University of Utah)

 

Sources

  • NY Times (http://www.nytimes.com/2011/05/19/us/19prisons.html)
  • The Pew Charitable Trusts (http://www.pewtrusts.org/news_room_detail.aspx?id=56473)
  • University of Utah (http://ucjc.law.utah.edu/wp-content/uploads/86.pdf)
  • US Department of Justice (http://bjs.ojp.usdoj.gov/index.cfm?ty=pbdetail&iid=2200)
  • The Chronicle of Higher Education (http://chronicle.com/article/Data-Points-For-Profit/63388)
  • NY Times, http://www.nytimes.com/2010/08/04/education/04education.html?_r=3&hp)
All data & text used the above charts/graphs does not necessarily reflect the view of Erik Austin Deerly.

 

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