I have never liked the for-profit colleges. They charge too much. Make unseemly profits. Leave students unserved. And then walk away leaving society unserved. Finally, Senator Tom Harkin of Iowa has produced statistics to back up that dislike:
* Although they have less than 10 percent of students, they receive around 25 percent of federal student aid.
* Although they have less than 10 percent of students, they account for 40 percent of defaults on student aid.
It's about time government did to for-profit colleges what it eventually did to the for-profit K-12 schools like The Edison Project - - stopped giving them money.