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Business Does It Better? Top 3 Private For-Profit Universities have Staggering Loan Default Rate

A week ago, I wrote to share the news that a quarter of students departing the private for-profit Kaplan University are so desperate that they default on their student loans. Defaulting on student loans is a big deal: it absolutely wrecks a person’s credit rating, it leads to harassment by collecting agencies, and is almost [...]

Private-Sector Success? 1 out of 4 Kaplan Students Default on Loans within 3 years

Some Americans are gung-ho about the private sector. They like to say that anything the government can do, business can do better.

How do we then explain the fact (taken from statistics maintained by the Department of Education) 1 out of 4 students at Kaplan University, one of the three largest private for-profit universities in [...]

Anything Government Does, Business Does Better? Try the University of Phoenix

In the SBR Forum, “John Galt” writes:

“Is there anything that the Government does better than the Private Sector?

I ask this question because I honestly can’t think of anything. I do realize there is a need for Government and I’m very happy for some of the things that the Government provides. Such as… our [...]