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What happens going forward is the important idea.

Indeed.
There is some evidence that there is no way that traditional US colleges
and universities can handle the number of people who will want qualifications,
nor the number of people that government policy wants to have them.
Thus, there should be a good demand for for-profit education shops in fugure.
I can't think there is any reason that there can't be any good ones,
nor any reason the government would have a hard time providing financial
support to students attending those good ones.

So, it's a matter of figuring out how big the "honest" market is likely to be,
and who among the current players is the closest to being honest.
There's a good chance that whoever that is (Kaplan? No idea) is probably
oversold in a baby-with-the-bathwater kind of way.
It's quite possible that it's a good business to be in even when done in a straight-shooting way.

Jim
No position
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