Attorneys General Target For-Profit Colleges Looking To Make A Buck — Especially Off Veterans

Ann McClure's picture
Wednesday, June 6, 2012

Nevada Attorney General Catherine Cortez Masto has joined 21 of her counterparts in asking Congress to limit the ability of for-profit colleges to enrich themselves at taxpayers’ expense by going after veterans and the lucrative benefits of the GI Bill.

The bid is the latest chapter in a nationwide campaign to better police private colleges that seek to turn a profit by offering higher education to those who don’t — or usually can’t — attend public universities.

Over the past few years, national officials have become convinced that the quality of the education at such institutions takes a backseat to financial interest, turning these purveyors of degrees into predatory, double-talking recruiters, who offer sub-par services.

As a result, the colleges are turning out graduates who are far less competitive in the job market than those coming from private and public nonprofit institutions, according to academic and government investigations.

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