Here in the US, “for-profit university” or “for-profit college” triggers images of schools like ITT Tech and DeVry that are considered “bottom of the barrel” schools for people who couldn’t get admitted to State U but want to try anyway, and their programs are not held in high regard. It also triggers images of career tech/job training schools such as the ever-increasing set of for-profit schools offering Medical Assistant and Medical Billing and Coding training programs, with heavy advertising.
Is this always the case? It seems that most “respectable” schools in higher education are either run by non-profit organizations (either secular or church-based), or are run by governmental departments (e.g. State Universities). For example, I believe that Virginia Tech is considered to be a government facility of the State of Virginia and it receives a budget from the State.
Are there any exceptions to this rule? Are there any high or medium prestige schools (e.g. of equal or higher prestige as schools such as Virginia Tech or UCLA) that are run by for-profit companies? If not, why is this? Is the for-profit-ness of schools like ITT Tech “keeping them down” so to speak in the public’s eye (meaning that even if they ramp up the difficulty of their programs or their admissions standards, they will forever be considered low-prestige because they are for-profit), or is it just the case that this is the way it has ended up?
What about outside the US? Are there high-prestige Italian, South African, or Japanese universities that are for-profit?