http://www.nytimes.com/2014/06/08/books/review/degrees-of-inequality-by-suzanne-mettler.html?smid=tw-share..."How did the institution that we would call career college or trade school transform itself into a $32-billion-a-year business? Mainly by “milking” the government for profit, and taking advantage of student-loan programs designed to help those on the bottom of the economic pyramid continue their studies beyond high school. The Apollo Group, which owns the University of Phoenix, derives almost 89 percent of its revenues from the federal government"..."The Apollo Group (the University of Phoenix), for instance, made $11 million in political donations in 2007 and 2008, Mettler reports — about double the campaign contributions of Goldman Sachs, Time Warner and Walmart that election cycle."
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I wish the benefit would have been valued. The question is if the $32B paid to Apollo Group produced more or less than $32B in economic value.