Academic

IRA STOLL: The War on For-Profit Education. As I?ve said before, it?s not at all clear that the ?

By Glenn Reynolds

IRA STOLL: The War on For-Profit Education.

As I’ve said before, it’s not at all clear that the traditional, not-for-profit model deserves a pass. Plenty of people enrolled in traditional colleges are graduating without marketable skills and with mountains of debt. I suspect that all of this is in part a PR effort by traditional schools to shift the blame.

And there’s plenty of blame to shift: “A bad story? Wait, it gets worse. How did Ms. Munna get to Citi to borrow more money than she could afford? She was referred there by her dear university, NYU. But what she didn?t know was that NYU was in a ‘revenue sharing’ (read: kickback) arrangement with Citibank, where NYU got 0.25 percent of the value of student loans made by Citibank.”

Full post as published by Instapundit.com on November 14, 2010 (boomark / email).