The War on For-Profit Education
futureofcapitalism.com
The New York Times's Tamar Lewin took aim at the Washington Post Company this week with a news article with the Web headline "Washington Post's Kaplan Faces Growing Scrutiny." It's kind of a self-fulfilling headline, because, by publishing a 2,600 word front-page news article on the topic, the New York Times itself both engages in the scrutiny and contributes to its growth. What's avoided much scrutiny so far, however, is the Times's coverage of the issue. A close reading is in order. From the Times: "All these schools get most of their revenue from federal student aid. Kaplan Higher Education, for example, gets 91.5 percent of its revenue from the federal government, through Pell grants, Stafford loans, military and veterans benefits and other aid."
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Where the Means-Testing Logic Goes
futureofcapitalism.com
The debate over means-testing Medicare or Social Security benefits, so that higher-income or higher-asset people would get less, has been the subject of a series of posts here (see for example, here, here, here, and here). Now a Bloomberg News headline takes the means-testing argument to an entirely new level: "Taxpayers Billed for Millionaires' Kids at Charter School."
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Where the Means-Testing Logic Goes
futureofcapitalism.com
The debate over means-testing Medicare or Social Security benefits, so that higher-income or higher-asset people would get less, has been the subject of a series of posts here (see for example, here, here, here, and here). Now a Bloomberg News headline takes the means-testing argument to an entirely new level: "Taxpayers Billed for Millionaires' Kids at Charter School."
Read More...
The War on For-Profit Education
futureofcapitalism.com
The New York Times's Tamar Lewin took aim at the Washington Post Company this week with a news article with the Web headline "Washington Post's Kaplan Faces Growing Scrutiny." It's kind of a self-fulfilling headline, because, by publishing a 2,600 word front-page news article on the topic, the New York Times itself both engages in the scrutiny and contributes to its growth. What's avoided much scrutiny so far, however, is the Times's coverage of the issue. A close reading is in order. From the Times: "All these schools get most of their revenue from federal student aid. Kaplan Higher Education, for example, gets 91.5 percent of its revenue from the federal government, through Pell grants, Stafford loans, military and veterans benefits and other aid."
Read More...
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John Hechinger
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