[jyl]

On a related topic, the for-profit education industry is, in my opinion, a scandal.

They promise students great careers post-graduation, help them submit misleading aid applications, charge them tuition higher than decent pubic schools charge, leave them with huge debt loads (not dischargeable in bankruptcy, and taxpayer-guaranteed), frequently without degrees or usable skills.

The government, specifically the Dept of Education, is trying to crack down on the industry by, among other things, restricting/blocking student loans if the school is not producing graduates who are actually employed and paying back their loans. The industry is fighting back because investors perceive, correctly, that this has the potential to slow the growth and reduce the profit margins in the for-profit education industry.

Google "gainful employment" for more on this. Or, see the stock charts for APOL, COCO, STRA, etc.