Excellent idea, but we’ve seen that the money is in warehousing ‘criminals’. Twain said the same thing,in different words. “Every time you stop a school, you will have to build a jail. What you gain at one end you lose at the other. It’s like feeding a dog on his own tail. It won’t fatten the dog”. - Mark Twain Speech.
However, since you can buy the politicians and the legal system,allow only minimum care to the prisoners, it’s a very lucrative way of making money.
If only there was a way to siphon money out of the schools and corporatize their standards…
As long as slavery remains legal in private prisons, their profit potential will be too large to allow proper distribution of funding.