Yes, EDMChas become more of a scam every year--along with much of the other large for-profit higher educators. Goldman Sachs has a lot to do with EDMC's bubble and blow up. But the Department of Education (DoED) was also complicit in this trajectory. Now the question is, what will happen from here, with KKR and the DoED holding the cards? Take a look at Corinthian Colleges. ECMC (a predatory collection firm) has control of the remnants of Corinthian Colleges--and at some point it may be found that ECMC management was actually worse (and more predatory) than COCO management. Can you imagine a good scenario for the Art Institutes and other EDMC brands? If so, I'd like to hear it. I think its possible to have some schools operate as worker-student coops, but that would take some capital, lots of imagination, lots of faith, and strong values.