Financial accountability should be the focus. Educational accountability should be another subject. Do you mean financial accountability from "governing bodies" like our government or sycophant boards of trustees with friends needing a tax break? And "not for profit" is utter bullshit. Sure, capitalist, amoral greed has ruined modern business but "for profits" are made to run efficiently or the suffer a monetary accountability. Unless our amoralistic government responds to favors and lobby money and bails them out.
Modern universities are a racket filled with students who got swindled into thinking 6 figures was a good investment for their teaching, philosophy or modern western art degrees. Add the incredible cost and bloat in the administrative part of these universities, then you see why higher education is in serious need of a major correction. Maybe we can lump in the unsustainable US healthcare system as well.