In today’s Pope Center piece, my colleague Jay Schalin writes about the high degree of waste in higher education.
Scams by for-profit schools (sometimes “schools” would be more appropriate) attract a lot of attention, but there is also a lot of similar activity in the realm of public, nonprofit higher ed.
The common thread is government money. As Milton Friedman liked to point out, no one spends other people’s money as carefully as he spends his own. With federal and state governments budgeting billions for higher education every year, it’s no surprise that many people and institutions have figured out how to get their hands on some of it without providing much in the way of educational benefit.