“What we’re talking about here is the financialization of public education,” said Alex Molnar, a research professor at the University of Colorado Boulder School of Education who is affiliated with the education policy center. “These folks are fundamentally trying to do to public education what the banks did with home mortgages.”

As the New York Times shares, for profit-education looks like the next big scam. I’m sure everyone will be suitably chastened when the bubble blows up in seven years.