Does American higher education need a robust for-profit sector? What are the benefits of preserving it? In the last of this four-part series on the current regulatory assault on for-profit colleges and universities, I argue that for-profit higher education adds a vital element of versatility to our system. The for-profit sector right now provides some examples of egregious misbehavior. The companies that are engaged in mischief need to be reined in, but we should do that in a manner that preserves the very real potential of this sector to serve the public good.

Reprise

At the end of part 3 of this series, I quoted one of the more eloquent defenders of for-profit higher education, Diane Auer Jones. She makes the case that the for-profits, such as her employer, Career Education Corporation, fill an important gap by offering a college education to students whose academic records and…

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