What we see in higher education are two types of private schools. One type are nonprofit and one type are profit. The for profit schools tend to be predatory have much worse outcomes than the public schools or nonprofit ones. The nonprofit ones tend to fall into two categories. The ones with nice endowments are exclusive and very good. We will see this happen with k-12 with vouchers.
From a school’s perspective a voucher is exactly as if a student got a student loan in that amount. Those who think federally backed loans are a problem in higher education ought to be opposed to vouchers for k-12.