FOR IMMEDIATE RELEASE
WEDNESDAY, JULY 20, 2011
Contact: Ilene Greenfield
Director of Media Relations
201-291-1111, ext. 1-5122
REGIONALLY ACCREDITED PROPRIETARY INSTITUTIONS OF
HIGHER EDUCATION ENDORSE ACCORD TO ENHANCE GREATER
ACCOUNTABILITY AND TRANSPARENCY
Endorsers commit to practices that will provide students with clear and accessible financial data and metrics of student success
July 20, 2011 – New York, NY – Twenty regionally-accredited proprietary (for-profit) institutions of higher education from the United States and Puerto Rico announced today that they have endorsed a comprehensive set of principles, known as The Accord, intended to ensure that each of these institutions meets high standards of transparency and accountability.
With proprietary institutions playing an increasingly important role in meeting the nation’s demand for a more highly educated workforce, endorsers developed and agreed to The Accord because they have a responsibility to give students, policymakers, and taxpayers confidence in the effectiveness of proprietary institutions in delivering a valuable education.
The Accord is a result of discussions convened by Berkeley College in New York City in February 2011 among presidents and leaders of regionally-accredited proprietary institutions.
The expectation is that, by December 15, 2011, institutions will prominently display on their websites
A Pledge of Public Accountability that includes information concerning their cost of tuition, graduation rates, student indebtedness, and available loan repayment data. Other best practices the endorsers have agreed to implement include:
"Berkeley College is pleased to lead the effort of regionally-accredited proprietary institutions to better serve our students and the public through greater accountability, transparency and high ethical standards,” said Dario A. Cortes, PhD, President of Berkeley College. “We are excited to have begun this effort with the support of 19 other proprietary colleges and universities, and we expect more institutions to endorse The Accord as they become familiar with it in the months ahead.”
The Accord also charges the endorsers to take action to improve higher education and solidify their sense of shared purpose and commitment. These recommendations go beyond regulatory requirements to include collecting data on student learning; participating in higher education organizations; advocating for federal and state policies that promote educational opportunities and better student outcomes; and elevating the national conversation on financial literacy to reduce unnecessary student borrowing.
Proprietary institutions make quality higher education accessible to 1.85M students from lower income families, underrepresented minorities, and adult learners, as well as first-generation college attendees.
To read a copy of the full text of The Accord, please click here.
American Public University System – Charles Town, WV
AOMA Graduate School of Integrative Medicine – Austin,TX
Bay State College – Boston, MA
Berkeley College – New York and New Jersey
Five Towns College – Dix Hills, NY
Florida National College – Hialeah, FL
Huertas Junior College– Caguas, PR
ICPR Junior College – San Juan, PR
Jones International University – Centennial, CO
Lincoln College of New England - Southington, CT
Midstate College – Peoria, IL
MTI College – Sacramento, CA
New England College of Business and Finance – Boston, MA
Northcentral University – Prescott Valley, AZ
Rasmussen College– Bloomington, MN
Strayer University – Washington, DC
Technical Career Institutes, Inc. – New York, NY
United States University – National City, CA
University of Advancing Technology – Tempe, AZ
Waldorf College – Forest City, IA
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