What are the roles and motives of non-profit colleges?
Especially because of the current college bubble and MIT's handling of the Aaron Swartz situation (which I thought was handled very badly), I've been thinking about what the roles and motives of non-profit colleges are.
It's hard to generalize, since each college is different, but the naive view I used to hold about non-profit colleges being primarily altruistic institutions seems mistaken.
I'm especially interested in this line from patio11's essay "Quantifying the value of a college degree by major":
"There might still be some Marxists on the faculty but it is all capitalists in the administrations."
Non-profit colleges help with social development, research, and many other areas. But what are some of the other reasons they exist? Are capitalists in the administrations contributing significantly to the college bubble?
I feel like non-profit colleges should be doing a better and more compassionate job of preparing eighteen year olds for adult life, but I don't think they are.
I'm very interested in opinions and insight on this topic.