(From MindingtheCampus.com):
“A SMARTER WAY TO REGULATE COLLEGES”
By Daniel Bennett
Colleges are cashing in credential inflation. In a recent essay for The Chronicle of Higher Education, Kevin Carey notes that many “not-for-profit” colleges operate highly profitable terminal master’s programs in fields such as business administration, education, and public administration that are indistinguishable from the two-year vocational offerings of most “for-profit” colleges. He therefore argues that profitable non-profit programs that offer insignificant financial aid should face the same set of regulatory and tax rules as profit-seeking colleges. Carey is correct that schools create professional programs largely to make money. However, only regulating those programs that provide insufficient resources to their students is a band aid for a problem that requires major reconstructive surgery. READ MORE HERE