February, 2019
Assessing For-Profit Colleges
Jayme Lemke
Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and EconomicsWilliam F. Shughart II
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Most economies advance by simultaneously decreasing costs and increasing quality. Unfortunately, when it comes to higher education, this has been turned on its head. Costs keep rising while quality declines. How has this happened? What can be done?
In this chapter, Jayme Lemke fills a part of this puzzle by assessing for-profit colleges.