Rise & Fall of For-Profit Schools

The New Yorker

A November 2, 2015, story in The New Yorker magazine provides concise overview of why the for-profit education system is failing. Read the story: http://www.newyorker.com/magazine/2015/11/02/the-rise-and-fall-of-for-profit-schools

For-profit education in the United States refers to higher education educational institutions operated by private, profit-seeking businesses. Historically, most colleges and universities in the US have been non-profit, but for-profit institutions rapidly grew in number and size in the late twentieth century. Although supporters of for-profit higher education have argued that the profit motive encourages efficiency, the for-profit educational industry has received severe negative criticism because of its sales techniques, high costs, and poor student outcomes. In some cases operators of for-profit colleges have faced criminal charges or other legal sanctions.