3 ms·
I’m talking about for-profit colleges. If you want a socialized model where profit isn’t the goal, the game changes, but I would argue that ostensibly “non-prof
by seibelj 8y ago
I’m talking about for-profit colleges. If you want a socialized model where profit isn’t the goal, the game changes, but I would argue that ostensibly “non-profit” colleges (and other types of non-profits as well) are considered for-profit by the people who earn salaries, especially the upper echelon of employees with 7 figure salaries. They are non-profits in terms of goals and not having shareholders, but the employees earning money are incentivized to keep revenues flowing.
Although for-profit colleges are the most egregious, the absurd rise in tuition across the entire education industry is driven by government-backed loans that cannot be discharged. If we moved the loan system to the private sector, and forced hard decisions to be made about the cost/benefit of education, there would be short-term disruption but longterm stability.