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Everyone, it seems, hates for-profit education. The Democrats, led by Senator Tom Harkin, are trying to regulate it by tightening up the federal rules on student loans. Famous hedge fund investor Steve Eisman has schools like University of Phoenix and DeVry in his sights. He’s testified in Congress about shady loan practices at some of these places; about loose standards for job placement; about the practice of overburdening students with loans while preparing them for low-paying jobs.
(Eisman is also a major short-seller in the sector. So having him publicly run down the industry is not only good for Senator Harkin and the regulation-happy Democrats, it’s also going to make him rich. Richer, I mean.)
No one, of course, worries that federal student loans are going to students at, say, Yale, with its sky-high tuition and plentiful course offerings in the — how do I put this? — less job-centered disciplines. Put it this way: they don’t teach anything like “(Re)-Presenting the Modern: Studies in Gender Identity and Power in the 18th Century French Lyric” at DeVry. They teach things like how to maintain an office IT system and how to be a veterinary assistant.
Not everyone is cut out to spend four years in a dorm at State U. Some must work as they attend college. Others spent the traditional college years on other pursuits and are trying to catch up and get a degree while juggling family and career responsibilities. Still others don’t get serious about doing the work it takes to obtain a degree until they’ve spent a few years in the workforce.As a result, they are looking for different things in a college than other students. They like the convenience of online courses or night school. They have no use for the traditional accoutrements of campus life – the student union, expensive climbing walls, student activities, ball games and the like.
That’s putting it nicely. What’s really going on here is snobbery. Pure and simple. And power. Even purer and simpler. For-profit colleges aren’t part of the vast network of teachers’ unions and community college organizations that feed the corrupt, failing, indefensible Democrat-Education Complex. Harkin, and the Obama administration, should be ashamed. No, not ashamed: they should be punished. They should be forced to a lifetime of haircuts, computer repair, IT help, veterinary care, and basic bookkeeping all performed by political science majors from Princeton.Got a problem with your flat screen? Call a poetry major.