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Fraudulent education

June 1, 2016

Trump University is just one example of private colleges designed to take advantage of “non-traditional” students. Shame on the investors who see those students as a source of revenue in an exchange characterized by asymmetric knowledge, and shame on the accrediting agencies that gave them a stamp of approval.

Of course, even non-profit colleges today have their own problems, with administration turning into bloated and high-salaried marketing departments, and courses taught largely by adjunct faculty who have no say in how the schools are run. But even at their worst, they are better than the for-profit schools whose sole purpose is to originate student debt, and whose students fare worse for having encountered them.

One Comment leave one →
  1. Sarah L. Cook permalink
    June 1, 2016 6:42 pm

    It is disgraceful and a reflection on the state of education in the US. Reminds me of an article I read earlier this week:

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