Time to rethink our model for higher ed

Why do for-profit "colleges" and "universities" even exist in a world in which we have so many superb genuine institutions dedicated to truly higher learning?
The first thing to understand is that, given the rapacious marketing campaigns aimed at unsuspecting veterans and that it is only government-backed student loans that make these businesses profitable, the above is a question very much worth asking. A good position for a (genuine) college debate team to argue would be: "Resolved: For-profit colleges should not exist." More...