For-profit colleges take a beating this week in Garry Trudeau’s Doonesbury comic, a 42-year-old fixture of liberal satire. In a series of four (so far) strips, President King and another administrator lampoon a sector plagued by legal troubles, high dropout rates, and accusations of fraud. Not that nonprofits are exactly safe: The two characters work at Walden College, where only 18 percent of students graduate on time and only 35 percent graduate at all. “It’s like we’re a for-profit school,”
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