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Flunking out seems at odd with extracting maximum tuition. Which are you accusing the schools of?

• notacoward 13y ago
  The really bad for-profit "schools" don't concentrate on extracting maximum tuition from each student. That would require at least minimal attention to the quality of the service being offered, which erodes margins. They don't care if existing students leave, so long as an at least equal number of new ones replace them, so they spend all their money on marketing instead. At better schools, there's a whole different set of dynamics to explain why rich kids stay in and poor kids don't. This is hardly the forum for that discussion, except to note that the net result is approximately the same. Lots of kids leave college with a big pile of debt and no degree. When such a high percentage of lower-income students end up worse off than they started, it's quite rational to consider that a more entrepreneurial focus might actually serve them better.