One valid thing Camden repeatedly points out is how these are corporations/companies own colleges (with students as customers) versus a college with students as learners. Yes, all schools have to stay afloat financially. However, the taint that these companies have left on higher education goes beyond a school being private and having "owners". It has truly made higher education a "commodity", to be bought and sold, versus a "public good" to be delivered and to advance societal needs. It is all truly about $ at these places and not about learning or a Return on Investment.
Your former President just got a job with a company called "Dream Education" that now owns Argosy University/South University/Art Institutes (formerly EDMC). Go look at his Linkedin profile for proof. So as you are laid off looking for work in a tough landscape, he goes right to another blood s---ing company and thrives...its all quite incestual really. That company surely wanted someone who is talented at selling their "Dream" to students who will then be over their head in debt and without gainful employment. He will get paid a huge salary and a huge bonus and a bunch of stock...and you will file for unemployment.