What’s So Profitable About For-Profits?

by Carol Iannone

If for-profit colleges are attuned to the market and provide a better model of competitiveness, why are their tuition and fees as high as the not-for-profits? Their for-profit status evidently yields no benefit to the consumer. They rely on the no-risk availability of federal money and send what profits they make to their investors. Why should these investors profit from taxpayer money?