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00:07:48] David Decker: So, we’re not for profit, but we’re not for loss either. Somebody told me a while back that for-profituniversities have a profit mentality versus nonprofit, that they pay taxes with their profits. You have to sustain yourself. [00:07:54]
As the Biden administration fights to relieve Americans of student debt, it also believes it must take a proactive step to manage a student loan resurge. Their solution: impeding for-profit leaders’ likelihood of abusing federal funding and securing the tuition of suckered-in students.
Three-fourths of all EdTech VC financing in 2022 went to just five start-ups. It’s not because the terrible, horrible, no-good LMS vendors are trying to suck the blood out of the poor universities. At first glance, it looks to me like they have a student administration and success platform along with a bunch of services.
For instance, one universitys Board of Regents is made up of attorneys, a banker, a state official who worked in finance, and a healthcare executive. This change also is leading to increasing strains between boards, administration, faculty, and alumni groups. Texas was an early and key battleground state in this divisiveness.
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