For-profit school closings and NCLEX Pass Rates

Buyer beware, BSN · Sep 16, 2016

With numerous for-profit schools closing, what is everyone's opinion on the effect of the National NCLEX pass rate?
My guess is a 1-2% spike in the National NCLEX pass rate
Do you think that there will be a decrease in the threads on this site such as "I failed NCLEX 4 times. I need help passing"?
It would seem that by eliminating the schools with low pass rates that it would also eliminate the graduates that were not prepared properly by the school to pass NCLEX the first time.[/quote
Guy Baby..., If I may be so familiar. Many of the poor performing schools of nursing have very credible NCLEX pass rates. These include the dreaded "for profits." But that doesn't make them good schools.
Why? Well, because they are all about recruiting, seating and then flushing down the toilet the majority of recruits. They don't really care about student outcomes as long as they can continue to access student loan money. You see the for-profits derive up to 90% of their tuition loan money from Pell Grants, Title IV, and VA sources. So when ITT tech bit the dust, it was because the government loan gravy train was being put into question, for a variety of reasons, by the Department of Education.
So they are business concerns, primarily in the loan business, who until fairly recently were tapping into these taxpayer funds without having to show that they could produce credible retention and graduation rates. It is here that they fail miserably. But still they complain, whine and lobby; all at the expense of the trashed students, the majority of whom are minorities, (single mothers) and atypical older adults looking to reboot their lives.
Look to ITT tech only to see how this once touted, noble experiment in the democratization of education was reduced to an expensive, ignoble exercise in greed. All at the expense of those in society who have the most to lose.
But ITT tech's failure is just the tip of the iceberg. There are many other for-profit schools that run financially "dark" that are going the way of the ITT dinosaur. This is why the financial stability of the more established schools should be the sine qua non of criterion when choosing a school.
Why get left holding the bad. Always remember, the for profits are about profits, never about you. And you might ask them to let you see their books. That would be hilarious. I'm sure they would have to get back to you on that one.
Good luck brothers and sisters.