The administration had the opportunity, through a strong gainful employment rule, to demand here and now that federal aid only go to career education programs that were truly helping their students. It didn't seize the chance.
Even though the for-profit college industry continues to pour campaign contributions into Capitol Hill coffers, I haven't found any 2014 candidates out there who, like the 2012 Romney, have affirmatively stressed their support for the industry.
It's a critical moment for the public to take another close look at this industry, which now has 13 percent of all U.S. college students and swallows more than a quarter of federal aid -- over $30 billion a year in taxpayer money. It's also a critical moment for President Obama to stand up for fiscal responsibility.
Last week it was reported that the Pentagon placed Globe University and Minnesota School of Business on probation and the schools were barred from receiving some military educational benefits.
A federal grand jury has indicted the former owner-CEO and three other ex-staff of Miami-based FastTrain College, a for-profit school that had ties to Florida Members of Congress before the FBI raided its campuses in 2012.
For MOOCs to seriously challenge traditional universities (not just the online lecture circuit) they need to offer an enticing reward to push students through the drudgery.
The mantra is everywhere: a college education is the only way to climb out of poverty and create a better life. For-profit schools allow Wall Street investors and corporate executives to cash in on this faith.
It's hard to square Orman's initial denial with the admission that immediately followed. Perhaps it was a lawyerish parsing -- "it depends on what the meaning of 'at' is."
This past Friday, Bill Maher announced Rep John Kline as the winner of his #FlipADistrict Campaign, a contest which Maher created to find the worst representative in the country and oust them from office.
Now that Corinthian, which was taking in as much as $1.4 billion a year in taxpayer dollars, is collapsing under the weight of law enforcement probes and bad student outcomes, I worry that a prolonged focus on its horrid acts might allow other terrible actors in the for-profit college industry to sneak out the back door.
In a single week, two of America's best comedic truth-tellers -- John Oliver and Bill Maher -- hit hard against the predatory for-profit colleges that rip off taxpayers and ruin students' lives.
What is striking is that APSCU not only demanded a super-sized contingent of for-profit college representatives on the panel but also proposed for membership some of the most abusive for-profit college companies.
Much like car title loan companies and paycheck lending companies, for profit colleges prey on poor and minority students, saddle them with debt, and leave them with only debt, as their degree is often worthless in the job market.
Democrats have established a track record of being tone deaf when addressing military and veteran issues. Though not a matter of life and death, consider the way some Democrats have dealt with a subject that is important to many active and retired servicemen -- college.
The president has made clear that he understands the scam perpetrated by many for-profit colleges against our vets, against single mothers, against working-class young people of color -- deceptive recruiting, high prices, poor quality, weak job placement.
Done differently, perhaps the for-profit model has the potential to become what its defenders claim it is, but right now it's the wild West out there, and nothing demonstrates the need for more oversight and regulation in this area than the cash-grab/shitshow that is ASA in New York City.