During the Obama years, it appeared that the federal government was going to start cracking down on the for-profit “higher education” industry, which typically gets horrible results and loads students with debt. (As I have reported in the past, former officials of the Obama Department of Education bought control of one of the nation’s largest for-profit college chains.)
But with the election victory of Donald Trump, sponsor of the fraudulent Trump University, the stock prices of for-profit education corporations went through the roof. Why would anyone expect a man who profited as founder of Trump University to crack down on others doing the same?
The New York Times reports:
Since Election Day, for-profit college companies have been on a hot streak. DeVry Education Group’s stock has leapt more than 40 percent. Strayer’s jumped 35 percent and Grand Canyon Education’s more than 28 percent.
You do not need an M.B.A. to…
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