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View Diary: Judge strikes down for-profit college loan repayment regulation (21 comments)

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  •  You miss the point. (0+ / 0-)

    Not allowing for profits to take part would provide incentives for the same people or types of people to organize non-profits instead, either converting existing institutions or creating entirely new ones.

    I'm not saying for profit is good; in fact, I would agree with you that most are scams.  But non profit doesn't mean pure of heart either.

    BTW, some of our most prestigious not for profit universities and colleges are sharks.  They are "non profits" sitting on endowments while tuition rates are raised endlessly.

    "The attack on the truth by war begins long before war starts and continues long after a war ends." -Julian Assange

    by Pierro Sraffa on Wed Jul 04, 2012 at 09:51:16 PM PDT

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    •  It doesn't mean pure of heart but it does (0+ / 0-)

      mean that you don't have institutional investors making millions off of the government guarantees.  I'm certainly not going to argue even a little bit that non-profits can be pretty screwed up, but once you put the potential profit in there it becomes a whole new level.

      There revolution will not be televised. But it will be blogged, a lot. Probably more so than is necessary.

      by AoT on Wed Jul 04, 2012 at 10:24:01 PM PDT

      [ Parent ]

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