<p>From Wikipedia:
“A business (also known as enterprise or firm) is an organization designed to provide goods, services, or both to consumers.[1] Businesses are predominant in capitalist economies, in which most of them are privately owned and formed to earn profit to increase the wealth of their owners. Businesses may also form not-for-profit or be state-owned.”</p>
<p>A college is an organization designed to provide goods and services to customers; additionally, it can be privately-owned or state-owned. It’s definitely a business (a for-profit one at that). Regardless of whether you’re willing to admit to yourself that colleges exist to “increase the wealth of their owners”, as Wikipedia puts it, you can’t dispute that colleges are businesses.</p>