For what it's worth, I sort of read that as "universities incentivized to maximize profit or income", not literally formally for-profit universities. Sort of a

For what it's worth, I sort of read that as "universities incentivized to maximize profit or income", not literally formally for-profit universities. Sort of a biting remark about typical university motivations, not literal. Even if the poster didn't intend it that way, I think it could easily be read that way.