To those alarmists who warn of a "higher education bubble", this news item should be of some interest:
Kaplan had been warned earlier that it could lose accreditation for three campuses because their students had failed to meet achievement requirements.It's only a better business model if you really deliver a better product, or one at least as good, more efficiently and at a lower cost. This is a problem that has dogged the for-profit sector - their inability to deliver graduation and completion rates on par even with most open-access public universities. Until they solve that problem, the "threat" they pose to higher education is minimal. Selling a worse product cheaper isn't a paradigm-changer - it's just cheap imitation.