For-Profit Medical Schools

[eLearner]

That always cracks me up! I'm like yeah because a nonprofit ever mismanaged their funds! A nearby school did a massive fundraiser trying to raise 7 million bucks in 30 days to stay afloat once they sent all of the students home last March. By June they were out of cash because they had to refund the room & board fees. Tuition doesn't pay their bills. Room & board is what keeps them in the black. Same for many schools. Education is all about $$$$$. Always has been.

And that goes for many successful non-profit schools. I like to make Harvard an example: They could give free tuition to every student and still bring in the many billions in endowments they do and not miss a beat. But no complaints about that, instead people want to complain about for-profit schools that staff 100 people and charge 1/8th of Harvard's tuition. People don't even consider scale and just lazily conclude that all for-profit schools are like University of Phoenix in size and ITT in operation. That's how ridiculous this whole thing has gotten, smh. No critical thinking is ever being applied to the matter.