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College, Inc. « The Quick and the Ed
"problem with for-profit higher education...people like Clifford are applying private sector principles to an industry w/ a number of distinct characteristics. Four stand out. [1] it’s heavily subsidized. Corporate giants like the U of Phoenix are now pulling in 100s of millions of dollars per year from taxpayers, through federal grants & student loans. [2] it’s awkwardly regulated. Regional accreditors may protest that their imprimatur isn’t like a taxicab medallion to be bought & sold on open market. But as the documentary makes clear, that’s precisely the way it works now. (Clifford puts the value at $10 million.)
money  education  forprofit  profits  markets  highereducation  highered  collegeinc  corruption  taxes  subsidies  experience  value  reputation  consumption  consumers  consumerprotection  regulation 
may 2010 by robertogreco

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