The For-Profit Education Old Guard Has More to Worry About Than Government Regulation

Henry Kronk, eLearningInside News, Mar 23, 2018
Commentary by Stephen Downes

The point of this article is to argue that the greatest threat to for-profit education is the for-profit industry itself. This became clear when regulations were drafted to weed out bad actors. "At this point, there are ample data that suggest the for-profit education sector in the U.S. doesn’t just have a few bad apples; it’s primarily comprised of them." Recently, we've seen two major incursions from the for-profit sector into the educational technology space: for-profit MOOCs, and coding bootcamps. But these don't have the student loan revenue that supported previous for-profit ventures. What I see is that they're pivoting to corporate learning. But how long will it be before corporations begin weeding out the bad apples in their learning sector? At a certain point, the gravy train for for-profits comes to an end - unless they can lobby to gave government foot the bill. Which is what they're trying to do.

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