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Time for Nationally Authorized Universities
Wednesday, January 1, 1997
Robert Tucker and John Sperling agreed to write an article for the NLII Viewpoint that captures many of the key ideas from their recently published book For-Profit Higher Education: Developing a World-Class Workforce. In it, the authors make a vigorous case for creating for-profit universities aimed at working adults as an answer to the mismatch between society's needs for workforce development and the ability of traditional colleges and universities to respond. The advantages of for-profit institutions include their ability to expand to meet changing needs without burdening taxpayers--moreover, they pay federal, state, and local taxes; their access to private capital for start-up and/or expansion funds to respond rapidly to new demands; and their goals of growth and profit, which can be achieved only by producing high-quality service that satisfies customer needs at the least cost.