1. For-profit colleges have a lot of allies in Congress. It’s another parallel in a way to the subprime [mortgage crisis] in a sense that they’re a little bit like Fannie Mae and Freddie Mac where the for-profit colleges, because they’re Wall Street companies, … have a lot of sympathizers among Republican supporters of free enterprise and big business and because they serve low-income families, they have quite a few allies among Democrats who know that a lot of their constituents go there.

    — On regulation and the for-profit college industry.

  2. dan golden

    bloomberg news

    for-profit colleges