With all the shenanigans recently in the news regarding for-profit schools, one could legitimately speculate that the normal business model doesn't do justice to students (or the taxpayers that subsidize their loans).
That maybe there's a reason non-profit universities have complex governance structures based upon trusteeship, professor input, and, for certain items, even student consultation. They all can serve as roadblocks to the path to the bottom line (nevermind the non-profit tax status -- have you seen the gymnasiums gracing the country's most expensive private schools?)
And maybe, just maybe, there's a reason at least some corproations shouldn't be just a mechanism for making money for investors. Such as those corporations that impact the social welfare of young people and taxpayers all public corporations.
Not that non-profit schools don't have their own problems. Still, they don't seem to have quite as many problems as The University of Phoenix.
