A sign the for-profit schools, known also as career colleges, are doing well, is that politicos often complain the schools are making too much money. The fact they are growing and thriving is an indication their students are getting value for tuition.
Conventional colleges, which often are mismanaged, tend to lose money, though they are highly subsidized by governments. Conventional schools continually solicit needed funds from alumni.
Colleges can be run as a for-profit business, and teach students properly as well. Conventional colleges, as I have noted before in my comments, make a habit of losing money and failing to adequately teach their student-customers.
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