Education should be run “more like a business.”

Right?

And the social responsibility of business is to increase its profits.

For-profit schools spend more on marketing and recruiting than on instruction.  (Amateurs.)

22.7% of those who had attended a for-profit college had defaulted on their student loans three years after the loans became due. At public institutions  the rate was 11%.  For students who had attended private nonprofit schools it was 7.5%.

“While students at for-profit schools make up only 10 percent of the college-going public, they consume almost a quarter of all federal financial aid.”

Publicly traded companies operating for-profit colleges had an 
average profit margin of 19.7 percent, generated a total of $3.2 billion in pre-tax profit and paid an average of $7.3 million to their chief executive officers in 2009. So what’s the problem?

Frankie Bow’s first novel, THE MUSUBI MURDER , is available at Audible.com, Amazon.com, and iTunes.

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