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by patdennis
5056 days ago
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There are serious problems with the for-profit university model (like the University Of Phoenix) as outlined in this article. I think it's worth pointing out that these businesses are aware that they may have a problem, and have stepped up their political giving massively to protect their interests. Mostly, to Republican candidates, and especially to Mitt Romney. [1] [1] http://www.nytimes.com/2012/01/15/us/politics/mitt-romney-of... |
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http://www.opensecrets.org/industries/indus.php?ind=W04
Also, purely coincidentally, non-profits are exempt from the "gainful employment" rule and all the other new rules being levied against competitors to the non-profit education sector.
Weird. It's almost as if the politicians don't care much when their cronies rip students off, only when other guys do it.