Non-profit universities tend to ignore sound business practices because demand for their degrees has been inelastic.While it is true that for-profit institutions might prioritize profit over quality education, profit isn't a dirty word when it imposes restraints on non-essential spending. For-profits' responsibility to stockholders means that lavish, unnecessary expenditures are unacceptable. Accordingly, for-profits don't offer the amenities that increase student satisfaction but have little impact on student success.
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