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College Inc.: US Universities’ Focus on Profit

Source: Indypendent

Imagine a business that rakes in billions of dollars in taxpayer funds, but provides its customers with a defective product that fails for more than half of them–though that track record hasn’t stopped the business owners from enjoying ever-increasing profits.

Sounds like the parasites of Wall Street or the insurance industry, doesn’t it?

But according to a U.S. Senate report, the same is true of a growing number of colleges and universities–the expanding sector of higher education that is run for profit. read more