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In order to be licensed as a proprietary school within New York State, organizations must undergo a licensing process wherein they submit various documents, including: an application for a school license, proof of type of ownership (e.g., sole proprietorship, partnership, or corporation), financial documents, curriculum applications, and school prepared forms.
In the 2010–2011 school year, more than $1 billion went to eight for-profit schools. [94] [95] In the 2012–2013 academic year, 31 percent of GI Bill funds went to for-profit colleges. Veteran participation in these schools, in effect, transferred $1.7 billion in post-9/11 GI Bill funds to these schools. [96]
The main sources of initial capital for large proprietary colleges and online program managers are institutional investors: international banks, hedge funds, institutional retirement funds, and state retirement funds. [62] [99] Some smaller schools are family owned businesses. At elite universities, donors may serve as significant sources.
The term preferred by the New York State-based Association for Proprietary Colleges is Proprietary colleges. [ 4 ] Kevin Kinser, assistant professor of educational administration and policy at the University at Albany , has proposed a "Multidimensional classification" scheme of for-profit higher education. [ 5 ]
529 plans are state-sponsored qualified tuition programs that can be used for education expenses like college or tuition for private elementary and high school. The funds grow tax free.
State University of New York Downstate Health Sciences University; State University of New York College of Environmental Science and Forestry; State University of New York State College of Optometry; State University of New York Polytechnic Institute, Marcy; SUNY Technology Colleges. Alfred State College; State University of New York at Canton
Fashion Institute of Design & Merchandising – FIDM (four locations in California) not to be confused with Fashion Institute of Technology, a state university in New York City; Five Towns College – Dix Hills, New York; Florida Career College – multiple locations, owned by International Education Corporation
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