For-Profit Education
For-profit education refers to educational institutions that operate as businesses, aiming to generate profit for their owners or shareholders. These institutions can include colleges, universities, and vocational schools that charge tuition fees and may offer various programs, often focusing on career-oriented training.
Unlike non-profit educational institutions, for-profit schools may prioritize financial gain over educational outcomes. They often use aggressive marketing strategies to attract students and may have different accreditation standards. Examples of for-profit education providers include University of Phoenix and DeVry University.