Ayn Rand-linked college closes (Actual title: The Cautionary Tale of a Short-Lived College)

[Hawkeye-X]

The pictures show a lovely celebration. A crowd of 100 or so is seated on a well-groomed lawn in front of a trim orchestra and a grand old plantation house. A retired astronaut has been flown in to address the group. Late in the day, two hot-air balloons skim the dusky sky.

That fall day in 2007 seemed an auspicious start for a college with only five professors and 10 students. But as the year wore on, the students, professors, and staff members became convinced that it was a sign of something else entirely: an elaborate facade.

Founders College, in rural South Boston, Va., was pitched as a sort of Great Books college for devotees of Ayn Rand. And while the for-profit college was never accredited, it operated with authorization from Virginia to issue degrees.

At the time the college was approved, it had no official faculty, no facilities, and, it turned out, shaky finances. "I'm stunned that the state would register a place like that," says Ray Weiss, the onetime enrollment director. "What did we really have going for us when they registered us?"

EDIT: Link here. http://chronicle.com/article/The-Cautionary-Tale-of-a/125452/

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That's why teabaggers are stupid.

[gratuitous]

1. Linky-poo?

Maybe Founders College just went Galt. Oh dear, how will the United States continue without its august presence to guide and inspire us?

[KamaAina]

5. Here you go

http://chronicle.com/article/The-Cautionary-Tale-of-a/125452/

Farther down is an uplifting account of how Randroid Objectivist principles translate into the down-to-earth world of business. :sarcasm:

[SpiralHawk]

2. RepubliFAIL. As usual.

Phony freaking republicon so-called 'conservatives' are a sick joke. They squander their money and morality on the wide-stance plan.

[hlthe2b]

3. Since when do RWers need to go to college...

to learn to be selfish.....

[Hannah Bell]

4. bet somebody got some casho out of the deal -- & somebody lost some.

ed deform is turning the system into a joke.

[Erose999]

6. What ever happened to the Glenn Beck University thing? Is that still going on? LOL nt

[Greyhound]

7. The entire college loan system is simply a loan generation scam.

One of the most lucrative corporate welfare programs ever created.

It just doesn't matter if there is any education provided or even if the faculty is qualified to teach, as long as they have a warm body to sign the loan agreements, they're golden.