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The Underachieving Education Business

|By John S. Katzman| NEW YORK – Capitalism has produced many high-quality products and services, from smartphones to high-speed transport and compelling entertainment. Yet the profit motive, essential in so many fields, seems to have disappointed in one crucial area: education. The former spend 23% of their revenue on recruiting new students, compared with a mere 1% spent by non-profit institutions. At ...

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