Schools are made up of people including a heavy dose of overpaid self-dealing administrators. Those incentives might influcence business owner if there is one. They don't affect an officer who can load up on all the lard he can get and then cut and run from the ruination he caused.
Well it would be nice if schools were an actual business that only got paid AFTER their product performed well out in the marketplace. But the current situation is nothing like that.