"As Betsy DeVos’s Department of Education works this morning to outsource more and more taxpayer-funded student aid to predatory for-profit online education companies, Wall Street investors see a new gold rush. Seeking to avoid the stigma and regulatory requirements of openly running a for-profit college, they are finding willing partners in another taxpayer-funded sector: state college and university presidents, who are anxious to make their schools 21st-century high tech models."
https://www.republicreport.org/2019/state-colleges-seduced-by-for-profit-online-education/