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Download full textFried, Vance H. – Cato Institute, 2011
Undergraduate education is a highly profitable business for nonprofit colleges and universities. They do not show profits on their books, but instead take their profits in the form of spending on some combination of research, graduate education, low-demand majors, low faculty teaching loads, excess compensation, and featherbedding. The industry's…
Descriptors: Higher Education, Undergraduate Study, Educational Finance, Federal Government
