One crucial thing I think colleges often offer that helps, on top of the education of course, is the college connections with the business community... which fo

One crucial thing I think colleges often offer that helps, on top of the education of course, is the college connections with the business community... which for the student may gain you access to things like employment internships and post-graduation job opportunities. As people in college are often just starting out in their career path, I feel that these college features often give a person quite the leg up in forming your career experience / business network / etc. Of course, some colleges don't really have a good placement rate or other connections with the business community. I wouldn't be surprised if you are right, and colleges of this sort, that provide poor quality, eventually do go bankrupt.