A new model for higher ed? - Jeremy House, Education Dive

Three years ago, Laureate Education lifted an obscure new class of corporations into the mainstream when it became the first public benefit corporation to sell shares on the stock market. Benefit corporations, as they are also called, are billed as being corporations with a conscience. Enshrined in their charters are a social mission and a commitment to the public’s well-being including the environment, workers and everything touched by the company’s operations. Since 2010, 34 states have authorized them and thousands of public benefits companies have sprouted nationwide. For-profit colleges are good at adapting to change but they have earn a bad reputation for protecting student wellbeing. With the abrupt closures of ITT Tech and the Corinthian Colleges, affecting over 50,000 students, for-profit colleges have become the poster children of corporate irresponsibility. Even though many do well by their students, many fear that for-profit colleges will still prioritize earnings. https://www.educationdive.com/news/a-new-model-for-higher-ed/515925/