Where to begin with this for-profit education blog…I have been thinking about this quite a bit.
In the beginning I have decided to start by introducing the big players.
Let me introduce the top seven for-profit schools in terms of money. I will give …
1. the name of the school
2. it’s ’05 Revenue,
3. it’s projected ’06 revenue,
4. it’s estimated equity value
5. it’s projected long term growth.
# 3 on the list is
1. Education Management Corporation
2. $1,058,700,000
3. $1,090,700,000
4. $2,515,000,000
5. 20%
When schools or any business for that matter sees this much cash flow, has this much value, and this much growth potential, they become the focus of increased scrutiny.
Is it any surprise that the for-profit schools are examined so closely? Criticized so openly and loudly?
Are there other reasons for this besides the money? Is it because it concerns our kids? Or someone else’s kids? Is it because schools were not traditionally in the business of making money? Is it only the traditional schools that are vocalizing the criticism? A lot of questions. Please tell me…
What do you think?
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