Description
The initial thread has be 400 words and demonstrate course-related knowledge, including at least 2 in-text citations with full references listed at the end of the post. In addition to the thread, you are required to reply to the threads of at least 2 classmates. Each reply must be at least 200 words and include at least 1 in-text citation Current APA format must be used in the thread and replies.
Topic: Higher Education and Financial Aid
Considering higher education as a marketplace, describe the business model of the for-profit sector, and summarize the lessons about financial aid effectiveness. In your opinion, how does financial aid contribute to student success in the for-profit and not-for-profit institutions? Is there any value in viewing the higher education industry from a business perspective? In your replies, identify where you agree or disagree with students’ comments.
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Explanation & Answer
Attached.
Running head: HIGHER EDUCATION AND FINANCIAL AID
Higher Education and Financial Aid
Student’s Name
Institutional Affiliation
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HIGHER EDUCATION AND FINANCIAL AID
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Higher Education and Financial Aid
The dynamics of higher education are changing rapidly, and most of these institutions are
tending toward a robust business model. Costs of education are worrying on the rise, yet funding
sources keep on dwindling. Still worse is the fact that fewer students are able or willing to pay
the price. Again, there is increased competition for the few students who are willing and able
(Lapovsky, 2013). The business model of contemporary for-profit institutions is that which seeks
to maximize the customers’ value, minimize costs, and optimize g...