My concern about for-profit education is that its interest is focused more on the investor and less on the student outcomes. Students are admitted fairly easily and loans from for-profit banks in addition to any federal funding create what looks like a ponzi scheme taking advantage of people's aspirations. Once the pool of gullible students are dried up the scheme busts and the tax payers are the ones holding the bag.
>My concern about for-profit [services] is that its interest is focused more on the investor and less on the [customer].
Funny how elsewhere the profit motive aligns suppliers' actions to the demands of their extant and would-be customers, since to do otherwise would be to go out of business. Perhaps the issue here is that multiple levels of taxpayer subsidies yields a system of perverse incentives.
My concern about for-profit education is that its interest is focused more on the investor and less on the student outcomes. Students are admitted fairly easily and loans from for-profit banks in addition to any federal funding create what looks like a ponzi scheme taking advantage of people's aspirations. Once the pool of gullible students are dried up the scheme busts and the tax payers are the ones holding the bag.