07-30-2012, 02:59 PM
http://www.washingtonpost.com/blogs/ezra...ible-deal/
Bachelor’s programs cost an average of 20 percent more, and associate’s programs an average of quadruple public school tuition. This isn’t too surprising when you look at how for-profit colleges are spending their money. The Harkin report found that 22.7 percent of revenue at for-profits goes to marketing and recruitment, that for-profits have an average profit margin of 19.7 percent, and pay an average of $7.3 million a year to their chief executives. That’s all money that drives up tuition without going to educational programming. Actual instruction made up a paltry 17.2 percent of expenses.