States, federal government cracking down on for-profit colleges - CNN Money

Oversight of for-profit colleges and universities by the U.S. Department of Education -- which declined to discuss the case, or to talk about for-profit colleges -- has been thwarted by the colleges' lobbying and legal challenges. But now, states and other federal agencies are stepping in. Attorneys general from across the country are investigating for-profit colleges accused of leaving students with heavy loan debt and without marketable job skills. At least 32 states are working together to investigate the schools, while several more are working independently on similar cases. California Attorney General Kamala Harris filed suit against Corinthian Colleges in October. And last summer, New York announced a $10.25 million settlement with industry giant Career Education Corp. over claims it inflated graduates' job-placement rates. http://www.ketknbc.com/news/states-federal-government-cracking-down-on-for-pro