For-profit colleges faltering after years of explosive growth

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  • Kate Hutch Kenmore, WA
    Oct. 20, 2012 7:16 p.m.

    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.