This fact sheet provides statistics comparing Maryland public, for-profit, and nonprofit postsecondary institutions with respect to:
- Enrollment—total vs. students using the GI Bill and DOD Tuition Assistance,
- Dollars received for students using the GI Bill and Tuition Assistance,
- Federal student aid (grants and loans), and
- Select student outcomes—default and graduation rates.
Figure 1 shows that although for-profits enroll a small minority of Maryland students (2%) they attract a larger share of GI Bill beneficiaries (5%). However, for-profits account for a disproportionate percentage (22%) of Maryland students who defaulted on their federal student loans. The cohort default rate for Maryland students is much higher at for-profit schools (16.8%) compared to public (8.5%) and nonprofit (3.5%) institutions and their graduation rate (37.5%) 6 years after Maryland students enroll is about half that of public (68.1%) and nonprofit institutions (72.4%). The data supporting figure 1 can be found in Table 1.
Table 2 shows the top 15 Maryland institutions in terms of GI Bill revenue. Only 1 for-profit operating in Maryland—Sans Technology Institute at number 10—made it into the top 15 list, receiving about $1.8 million in GI Bill revenue and enrolling 290 students. The University of Maryland Global Campus was #1 by a large measure, enrolling 13,988 GI Bill beneficiaries and receiving over $56 million in GI Bill tuition payments.
Table 3 looks at the top recipients of GI Bill dollars for Maryland postsecondary institutions that operate under a common governance system. Aggregating GI Bill dollars for institutions that are under common governance (ownership with respect to for-profit schools), shows a different array of schools than Table 2, which focuses on revenue and enrollment at individual campuses. For example, the University System of Maryland includes 17 campuses affiliated with the system (including the University of Maryland Global Campus) and Strayer University includes all 5 campuses operating in the state. The University System of Maryland still dominates with its 17 campuses receiving $84 million and enrolling about 20,000 beneficiaries. However, among for-profits, the 5 campus of Strayer University received almost $2 million compared to Embry-Riddle whose 2 campuses received about $1.1 million. Table 3 also shows that Strayer, North American Trade Schools, and Fortis College/Institute received from about 85% to 90% of their revenue from federal sources—federal student aid, the GI Bill, or DOD Tuition Assistance.
View the PDF for the tables and full content, as well as description of the data used in this fact sheet (under “sources”).Final MD Template_v3