By Robert M. Shireman, Chronicle of Higher Ed
It is clear that Andrew Rosen, the chief executive of Kaplan, wants to leave readers of Change.edu with the idea that for-profit colleges are innovative, efficient, and effective in serving people left out by traditional higher education, and that their bad reputation is the result of unfair attacks. The eye-opening, gasp-inducing elements involve Rosen’s descriptions of the intense pressures on company executives to produce quick, huge profits for investors by shortchanging students. “An investor who wants to make a quick hit can, at least theoretically, buy an institution, rev up the recruitment engine, reduce investment in educational outcomes,” and deliver “a dramatic return on investment.”
http://chronicle.com/article/Changeeduthe-Problem/130596/
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