One of the best articles I’ve seen recently on for-profit colleges. Please, please, please read this if you or anyone in your family is thinking about a for-profit school.
From the trenches, we continue to pursue our class action against Le Cordon Bleu Portland (formerly known as Western Culinary Institute) and its parent, Career Education Corp. Consumer fraud class actions are difficult cases.
Best to avoid the damage in the first place by saying no to overpriced for-profit colleges. Don’t let the slick marketing fool you; you’re often better off at a less-costly community college.
One more thing. To our leaders in Congress, your active oversight can fix this problem. But you need to do more than regulate for the future. A generation of students are effectively underwater for life because of lax regulation. Seems to me that you need to fix this problem.