To financial aid which is mostly used as a

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to financial aid which is mostly used as a competitive instrument which leads to the selective admission of employees. For-profit sectors are those institutions started for the sole purpose of making money and are operated by a private sector. In 2009, two economists Nicholas Turner and Stephanie Riegg who are from Treasury Department and George Washington University respectively found it was better not to attend a for-profit university at all because students came in worse than how they enrolled in the facility. Also, 80% of students how visited for-profit institutions carried debts according to The National Bureau of Economic Research. Winston describes nonprofits as being donative commercial nonprofit which enables them to offer services subsidizing students’ expenses while providing high-quality education. Due to these facts, for-profit institutions are finding it had to compete with nonprofit. Peer Effects According to Winston and Zimmerman (2014), peer effect occurs when the behavior of a person is influenced by relating to his or her peers. Hence relation between students contributes to peer effects in higher education. These relations are vital in the higher education’s economics as they get rid of incongruities in behavior of the institution and that of economic structure if it’s present in the industry such as not opening out to meet demands which are ever growing, might validate the division of quality of students and resource as being economically effective and also it might steer trade in peer value in an input market with that for educational services. Winston argues that students should educate themselves and also their peers and that what a student learns in an institution, the quality of it depends mostly on what his/her peers taught he or her. He continues that the input from the facility does matter, but he insists the quality of the service an individual gets from the institution, much depends on the body of the
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NON-PROFIT HIGHER LEARNING 5 students as a unit. The quality of peer is input to higher learning facility production, and it must come from within it. As an input, peer quality is costly and has no substitution.
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  • Fall '19
  • U.S. Department of Education, Gordon Winston

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