A trade association of for-profits college could work to advantage those honest member schools who actually are helping students to learn and train for careers. But APSCU, instead, appears to subscribe to the quick buck ethos of its biggest, wealthiest, most powerful members.

The gainful employment rule is critical to protecting the federal investment in our students and providing opportunities for a wide range of Americans to build careers. And, fortunately, there is a clear path to fixing the rule so it will pass muster in the courts.

Over the weekend, a federal trial judge in Washington, DC, upheld the power of the federal government to issue its "gainful employment" rule, a provision aimed at channeling federal financial aid away from college and career training programs that leave students deep in debt.

A federal judge has struck down central parts of hotly debated new federal regulations meant to rein in for-profit colleges that often leave students ...

Today, many for-profit colleges have picked up where the subprime lenders left off. They are using the same promise of the American dream as bait to trap vulnerable students into underperforming schools and saddling them with a lifetime of debt.