I was thinking about something very similar.
like, the teachers will get a lions share of the fee.
this will instantly motivate teachers to better themselves, and move the school away from for-profit model.
but there are some real problems to solve.
like,
1. how to get such school started ? who will provide initial capital ?
2. even if such a school is started, how to stop it from becoming for-profit again ?
3. is there a healthy balance between 'for-owers' and 'for-teachers' model ?
1. Who pays for it?
There are philanthropic trusts like the Azim Premji trust which focus on this.
2. I think that self interest is a good motivator to keep the system in place :-).
3. I honestly dont know the balance yet but I know for sure that the current one just wont cut it
but there are some real problems to solve. like, 1. how to get such school started ? who will provide initial capital ? 2. even if such a school is started, how to stop it from becoming for-profit again ? 3. is there a healthy balance between 'for-owers' and 'for-teachers' model ?