Content Frame
[Skip Breadcrumb Navigation]
Home  arrow Student Resources  arrow Chapter 19: Asymmetric Information  arrow Applications  arrow Guaranteed College

Guaranteed College
Capitol College in Laurel, Maryland guarantees "its qualified bachelor's degree graduates placement in the field of engineering, engineering technology, computer sciences, information technology or business with a competitive salary within 90 days of graduation, or Capitol College will provide up to 36 additional undergraduate credits tuition free while students continue their job search."

Students at Henry Ford Community College in Dearborn, Michigan are guaranteed. A firm that hires a graduate from one of Henry Ford's vocational programs and discovers that he or she lacks the necessary skills can send that worker back to for retraining. This idea has spread to schools in New Jersey, Pennsylvania, Illinois, and Texas.

In the first eight years of the Henry Ford program, only one student returned for more classes. Some observers maintain that the guarantee motivates the school to stay on top of its program and keep it current with industry practices. But critics wonder how many people know about the guarantee and hence question whether it has any effect.

SOURCES:

McLarin, Kimberly, "If a Graduate Fails, Return to Sender," New York Times, November 26, 1994:9; www.henryford.cc.mi.us/about_us/guarantee.asp; www.capitol-college.edu/aboutcapitol/guarantee/index.shtml.






Copyright © 1995-2008, Pearson Education, Inc., publishing as Pearson Addison Wesley
Legal and Privacy Terms
Pearson Education

[Return to the Top of this Page]