The letter was watered down from the version that was circulating among House members earlier last week. In particular, the final letter dropped a key sentence from the draft, which echoed language used by for-profit college lobbyists.
Despite President Obama's obvious awareness of the egregious, widespread nature of the problem, his own team may be on the verge of failing to effectively implement a key measure needed to hold for-profit colleges accountable for such abuses.
If you think the for-profit colleges will be inclined to moderate their bad behavior if the new gainful employment rule is somewhat weakened again, consider the propaganda attack the industry has unleashed this week to coincide with the rulemaking session.
America's for-profit colleges are receiving as much as $33 billion in a single year from your tax money, and billions more from the pockets of students, a lot of whom are left deep in debt and jobless from their encounters with predatory schools.
While the nation bemoans a "gridlocked" Congress and Comedy Central's Messrs. Stewart and Colbert aptly ridicule both presidential candidates for a disregard of specificity on one hand and hubris on the other, I have borne witness to a very different vision of our elected leadership.
The FBI raided campuses of Florida-based FastTrain College on Wednesday. The for-profit school has multiple ties to Representative Alcee Hastings (D-FL), who has been a fervent backer of for-profit education companies.