The Assault on For-Profit Universities

Lindsey Burke /

President Obama and Education Secretary Arne Duncan want the United States to lead the world in the percentage of people who graduate college by 2020, which will mean increasing by at least 8 million the number of students completing college over the next 10 years. President Obama noted in a speech yesterday that by “making college affordable … we’ll reach our goal of once again leading the world in college graduation rates by the end of this decade.”

But new proposals for regulating the for-profit higher education industry outlined by the Department of Education could actually have the opposite effect. For-profit higher education is serving the needs of students, as evidenced by the significant increase in enrollment over the past two decades. (more…)