by Rana Foroohar

As I’ve written recently, higher education, and in particular the for-profit sector, has become increasingly financialized—meaning, it is focused on money over outcomes and engaged in financial machinations that actually undermine the quality of the core business proposition, which is supposed to be turning out well-prepared students.

But the problems aren’t limited to the for-profit sector alone. A new study out Tuesday from the Roosevelt Institute shows that non-profit public and private colleges and universities are increasingly involved in risky deals with Wall Street that are putting them at huge financial risk.