With regards to the indictment of for-profit education: I half agree. The government giving buckets of free money gets lower class, lower income people who are unprepared for higher education into non-selective institutions, including for-profit institutions. That isn't a bug, it is a feature. They have sucky graduation rates -- in some cases, extremely sucky graduation rates. Free money also inflates the costs of "good" educations -- e.g. kids who get $100k of loans to go to UofI (or Harvard) and then get a degree in photography or religious studies aren't great off, either.
That said, it is a net gain for students if they're convinced to get a low-prestige degree like e.g. an Associates in Radiology rather than going for a Bachelors in English from UoP. (Or, ahem, a Bachelors in English from Harvard.)
"Families with incomes above $120,000 and below $180,000 with assets typical for these income levels are asked to contribute 10 percent of their incomes. For those families with incomes below $120,000, the parental contribution declines steadily from 10 percent, reaching zero for those with incomes at $60,000 and below."
Harvard isn't right for everyone. But remember that nonprofit universities love drawing diverse crowds, which includes the poor (admittedly, only those that make it through the selection process).
With regards to the indictment of for-profit education: I half agree. The government giving buckets of free money gets lower class, lower income people who are unprepared for higher education into non-selective institutions, including for-profit institutions. That isn't a bug, it is a feature. They have sucky graduation rates -- in some cases, extremely sucky graduation rates. Free money also inflates the costs of "good" educations -- e.g. kids who get $100k of loans to go to UofI (or Harvard) and then get a degree in photography or religious studies aren't great off, either.
That said, it is a net gain for students if they're convinced to get a low-prestige degree like e.g. an Associates in Radiology rather than going for a Bachelors in English from UoP. (Or, ahem, a Bachelors in English from Harvard.)