The 4th Student-Loan Mess: Dread and the For-Profit Bubble

By Eric Best. Our fourth chapter turns attention to the for-profit education industry, a niche dominating higher-education news today. Since the beginning of the book club, the for-profit education companies Corinthian and Education Management Corporation have received unprecedented protection from the U.S. Department of Education, which is acting as a sort of guarantor, propping up their struggling institutions while they are prepared for sale. More...