One would expect a book by the CEO of a for-profit university to mount a vigorous defense of the much-maligned for-profit higher education sector.

FORBES: Change.edu: Time to Reboot Learning

This softened Department of Education stance has continued to send for-profit education stocks higher in a sigh of relief.

FORBES: APEI ADOPTS SAKAI

Horowitz elaborates that profits in the education sector can be expected to promote competition and innovation that lead to an increase in the quality of educational provision, better value for the customer, and a more efficient allocation of resources, a point that CCAP elaborated on it is 2010 study, For-Profit Higher Education: Growth, Innovation and Regulation.

FORBES: Harnessing the Profit Motive to Transform Education

Founded as a test-prep business, in 2000 Kaplan entered the burgeoning sector of for-profit higher education.

FORBES: Magazine Article

The for-profit colleges say they educate a tougher group of students, less well-prepared for higher education and having fewer family resources to help them repay loans.

FORBES: COCO, DeVry And Other School Stocks Will Beat Back Uncle Sam

The last article in the section is a contribution that I co-authored with Richard Vedder and Adam Lucchesi discussing our research on for-profit higher education in the U.S. In particular, we describe the remarkable growth of the sector over the past two decades, the volatile regulatory environment that it has faced.

FORBES: Harnessing the Profit Motive to Transform Education

The Council, which will be administered by the U.S. Agency for International Development (USAID), will be comprised of no more than 12 individuals from a variety of sectors outside the Federal Government, including, among others, institutions of higher education, non-profit and philanthropic organizations, civil society, and private industry.

WHITEHOUSE: FACT SHEET: The President��s Global Development Council