The owners of those colleges were making way too much money. My daughter
expressed an interest in an art school, and I was getting four or fives calls a
day from the marketing department. It just felt really wrong for them to be
calling me as much as they did. The marketing departments are on steroids and
the profit is out of proportion to the performance of the schools, meaning the
colleges are not as effective in making people as employable as they should
have been, but the owners got filthy rich off of government guaranteed loans.
As usual, you and me, the taxpayers, end up footing the bill. President
Obama's administration has cut down on the fraudulent use of the
taxpayers' dollars in education and medicare, as promised.