Should we have profit-making schools?
An incredibly well-balanced and informative article on the topic, profit-making schools.
An excerpt from Simon Burgess: “So profit-making is pointless at best: under the current market set-up, improvements in attainment would not make money (so would not happen) with profit-making schools, and cutting costs would make money but would either reduce attainment or leave it unchanged…..Profit making in schools would either solve all schools’ problems nor signal the end of civilisation; the issue provokes strong feelings, but largely misses what should be the central policy concerns. Big gains in levels of attainment depend on raising average teacher effectiveness and big gains in equity depend on weakening the importance of proximity as an admissions rule and on changing the allocation of effective teachers across schools. None of these would be strongly or directly affected by for-profit schools. However, there are certainly merits in piloting policies that link school’s revenue per student to the progress of that student, and incentivising cost reductions through keeping the surplus in the school.”