Monday, April 16, 2012

Republicans Deregulate For Profit Colleges

Andrew Leonard's "A Huge Student Loan Scam" at tells how Republican lawmakers are pushing to deregulate for-profit colleges, potentially with disastrous consequences for the nation, which is already seeing record student loan debt and high drop-out rates at for-profits.  I think anyone who saw College, Inc., would agree that this sector of the economy needs more and not less regulation right now.  But as those who control these colleges get rich, they also become politically powerful.  Look for this to be just the beginning of scandals associated with the for-profit colleges.

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