Mad Money on For-Profit Colleges

Mad Money raises issues on for-profit colleges’ spending habits considering government aid to their students.

By Pedro de la Torre III
June 17, 2009

I’m not a big fan of Mad Money, and certainly don’t recommend their investment advice, but they had some pretty smart things to say when it came to the legitimacy of much of the for-profit higher education sector.

(See segment 2:45-4:45)

Much of the angst fueling the stock sell-off came from what some see as an over reaction to a recent announcement from the Department of Education that it will be reviewing some regulations meant to protect students from some of the more unscrupulous practices of the industry.

This sector certainly needs a look by the Department of education. While they are at it, maybe they could also look into regulating irritating sound effects on cable television shows.

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