I finally caught the latest Frontline program, “College Inc,” on PBS late last night (no need to troll your local PBS station though–you can watch it online here). It certainly makes for some interesting viewing. Here’s the summary from Frontline:
Even in lean times, the $400 billion business of higher education is booming. Nowhere is this more true than in one of the fastest-growing — and most controversial — sectors of the industry: for-profit colleges and universities that cater to non-traditional students, often confer degrees over the Internet, and, along the way, successfully capture billions of federal financial aid dollars.
In the meantime, have a look at this rather dispiriting article I found in Barron’s, “Leveraging Up to Learn” (below the fold). Some of the links below are pdfs of charts/tables. The most important, in my view, is the one labeled “Giving It the Old College Try.”