For-Profit Education Scams - New York Times

Attorneys general from more than 20 states have joined forces to investigate for-profit colleges that too often saddle students with crippling debt while furnishing them valueless degrees. The investigations have just begun. But it is already clear from testimony before a Senate committee that Congress must do more to rein in the schools and protect students. State prosecutors are uncovering unconscionable examples of fraud. Lisa Madigan, the attorney general of Illinois, testified this week that she had recently filed suit against a for-profit school that had saddled individual students with up to $80,000 in loans while promising employment with law enforcement agencies that do not recognize the school’s credentials as valid.