Higher Education Bubble
For-Profit Corinthian Colleges to Close Down
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  • FriendlyGoat

    So why didn’t we know to limit student loans to institutions that are true non-profits? Why didn’t we know that bonus schemes for recruiters are “run-it-like-a-business” models alright, but complete nonsense for anything inside a government or funded in any way whatsoever with government assistance?

    • rheddles

      I’m not sure how the for profit schools are so different from the not for profit schools, except that they’re for profit.

      • Curious Mayhem

        “For-profit” and “non-profit” are legally about tax status, not actual behavior. Many don’t understand this. For example, most years, Harvard makes more than it pays out. But its status restricts what it can do with its surplus.

        The outrageous thing about this persecution of for-profit colleges is that the non-profit colleges saddle their students with tuition and debt far worse than the for-profit schools do. But the non-profits will never be touched under a leftist Democratic president.

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