Quote by Thomas Frank

For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.

For-profit higher education is today a booming industry, fee

Summary

This quote suggests that the for-profit higher education sector is thriving as it benefits from the increasing number of students who rely on loans to afford their education. It implies that these institutions are exploiting the vulnerability of students who are desperate to pursue higher education and are willing to accumulate significant debt. The industry's success is attributed to the continuous flow of student loans, which ultimately contributes to the profitability of for-profit colleges and universities.

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By Thomas Frank

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