"Employing novel data on 88 private equity deals and 994 schools with private equity ownership, we find that private equity buyouts lead to higher enrollment and profits, but also to lower education inputs, higher tuition, higher per-student debt, lower graduation rates, lower student loan repayment rates, and lower earnings among graduates."
https://uncipc.org/wp-content/uploads/2018/12/Eaton-Howell-Yannelis_wp_PE-in-Higher-Ed.pdf