Appalling rip-off by the for-profit colleges: Editorial

To be fair, one (genuine) scholar who has studied the matter has an answer to our original question: “For-profits exist in large part to fix educational market failures left by traditional institutions, and they profit by serving students that public and private nonprofit institutions too often ignore,” Kevin Carey wrote in The Chronicle of Higher Education in 2010. There is a kicker to that from Carey: “There’s no doubt that the worst for-profits are ruthlessly exploiting the commodified college degree. But they didn’t commodify it in the first place.”