Thread regarding ITT Educational Services Inc. layoffs

"Any future changes in how this country approaches and pays for college will have to take a good hard look at for-profit universities; those murky, mysterious, colleges that no one has ever heard of, like Argosy University and Florida Career College.The default rate among graduates of these two venerable institutions of higher learning is one in five. In fact, 75% of the increase in the nationwide rate of student loan default can be attributed to for-profit colleges. The way they convince people to take out huge loans to attend this institutions (that aren’t even necessarily any good) is basically by lying about how many of their graduates go on to get good, high paying jobs." http://fusion.net/video/219685/government-erase-student-loan-debt/