It’s rather disheartening to see public money—our tax money—that could be going to public and/or private non-profit colleges and universities, going instead to for-profit schools making inflated promises. See this story in the New York Times with more choice quotes like the following:

The Career Education Corporation, a publicly traded global giant, last year reported revenue of $1.84 billion. Roughly 80 percent came from federal loans and grants, according to BMO Capital Markets, a research and trading firm. That was up from 63 percent in 2007. The Apollo Group—which owns the for-profit University of Phoenix—derived 86 percent of its revenue from federal student aid last fiscal year, according to BMO. Two years earlier, it was 69 percent.

Copyleft, with restrictions, 2009–2010

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