What’s more, opponents of “for-profit” education continue to pillory the industry for their “shady” practices. Neil McCluskey at Cato has a good summary.
Previously on ÆtherCzar, I described my experiences working for one of the leaders in for-profit education, ITT Technical Institute, in the post, In Defense of “For-Profit” Education.
And not that there aren’t some abuses, but foes of for-profit education sound eerily like the critics who dubbed Vanderbilt a “Robber Baron” for daring to out-compete his government subsidized competition. In my earlier post, The “Robber Barons” of Higher Education, I asked (and answered) the question how ITT Tech can make spectacular profits educating the same students with the same loan packages that public schools require government subsidy to teach.