as SUNO or UDC which abysmally low graduation rates. In fairness a metric needs to be put into place to clear out the lousy colleges that do not enhance employment opportunities and strengthen our economy vs. those which do (even if they address remedial concerns and should be in a different category for comparison). The public school feeder for UDC spends $27K/yr on its students (11:1 student ratio). It appears these urban campuses are an extension of kick the can down the road (and acquire student loan debt along the way). I think the same argument can be found in some of the smaller rural schools as well (Kent State Liverpool) and Rogers State for example.
Most for profit colleges and many private "not for profit" colleges are crap and should not be supported by the taxpayers dime (as well the problem of victimizing their students with debt that can never be paid back and can't be discharged like normal bankruptcy). Some for profit colleges do make sense - in many cases they can react faster than public institutions with advanced training in new technology.
I know an argument exists to resist treating colleges as vocational technical, but at the end of the day the country needs to spend its money on higher education on opportunities which enhance skills and the subsequent tax base. Not all kids should be pursuing a liberal arts education - many should be considering a more technical application which enhances job skills. The corollary to that is that we need to preserve our employment opportunities in this country through our trade and immigration policies.