Obama to Revamp Two Year Colleges

Online Degrees are exceedingly popular. There are over 400,000 students enrolled annually and that number is expected to keep growing. Those looking to earn their associates degree will find that the Obama administration is earmarking money to help more people go back to school.

President Barack Obama's $12 billion community college initiative could have an impact on the fortunes of for-profit education companies that offer associate degrees, but analysts say funding for the program is not big enough to make much difference.

Obama's 10-year program, unveiled last week, focuses on associate and vocational degree programs at government-funded community colleges and is aimed at getting people back to school and have them ready for "21st century jobs."

However, they said the amount of money earmarked for the program would result in only a marginal increment in budgets for community colleges and have a small impact on these companies in the short term.

The for-profit education industry, already concerned with the increased scrutiny on the companies by the Department of Education under the Obama administration, was keeping its fingers crossed over Obama's proposed revamp of the education sector, fearing it could disadvantage them against state-funded colleges.

"We would be more cautious on the market-funded sector had President Obama added another zero to the proposed $12 billion targeted for community colleges," analyst Ariel Sokol of Wedbush Morgan Securities said.

Those who earn their associates degree online or on campus will find many benefits to holding a degree. Those who earn a degree on average have higher incomes than those who just hold a high school diploma. In today's workforce, it is almost necessary to have some either an associates degree or bachelors degree.

Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More


    See More



    Please enter valid US or Canada Zip.

Searching Searching ...

Matching School Ads
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses

About Capella University

An accredited online university, Capella University offers bachelor’s, master’s/MBA, doctoral, and certificate programs designed to take you to the forefront of your profession. Our competency-based curriculum delivers both foundational knowledge and real-world skills, so that what you’re learning in your courses is immediately applicable to your career goals.

  • Online Courses
  • Financial Aid
  • Transferable Credits

Featured Schools