For profits in the market for higher education have experienced amazing and often times public growth in the last few decades. The Senate is about to open hearings on these schools and some are claiming they have been propped up by easy federal money. Wired campus thinks its gonna be a grilling!
While few of the schools are launched by student entrepreneurs, they have taken advantage of inefficiencies in higher education in many ways. These hearing are worth watching.
The Chronicle of Higher Education will be tweeting live during the hearings. From The Chronicle of Higher Education’s Wired Campus newsletter:
The hearing kicks off at 10 a.m., Eastern Daylight Time, and will be Webcast here. I’ll be reporting live from the event on Twitter (@marcparry). If you’re on Twitter, you can contribute to our coverage by using the hashtag “#4profit.” All tweets with that tag will be published in a box on The Chronicle‘s home page.
A key witness testifying will be Steven Eisman, a hedge-fund manager who predicted the housing bubble and is now issuing similar warnings about for-profit higher education. He played a part in Michael Lewis’s best-selling book, “The Big Short: Inside the Doomsday Machine.”