According to data from the National Center for Education Statistics, the number of bachelor’s degrees awarded by for-profit colleges has increased by more than 400 percent over the past decade.
The agency reports that 27 percent of all students who were enrolled in college between 2000 and 2009 studied at for-profit institutions, many of which are more career-focused than traditional schools.
However, the popularity of these higher-education programs has not dissuaded President Barack Obama from trying to implement regulations that would restrict the colleges’ access to Federal aid. According to FOX News, the President’s efforts have been opposed by more than 300 lawmakers from both political parties.
"Can you think of any other issue that former Speaker Nancy Pelosi and the current Speaker John Boehner agree on?" asked Lanny Davis, who served as legal counsel to former President Bill Clinton, quoted by the news provider. “The policy is so wrongheaded that it brings liberals and conservatives together.”
Andrews said the idea behind the legislation — to prevent low-income students from being saddled with enormous student loans — is noble, but the execution is all wrong. He claimed that Obama’s proposal would force for-profits to adhere to regulations that most community colleges and universities could not meet, which would likely put some for-profit schools out of business.