Obama Singles Out For-Profit Colleges and Law Schools for Criticism

By Goldie Blumenstyk. President Obama took a swipe at law schools and for-profit colleges on Friday, the second day of his college bus tour, suggesting that legal education could be just as effective if it took two years rather than three, and assailing proprietary colleges that leave students in debt and ill prepared for a job.
At some for-profit colleges, students are "loaded down with enormous debt," said Mr. Obama, speaking at a Binghamton University town-hall event. "They can't find a job. They default. The taxpayer ends up holding the bag. Their credit is ruined, and the for-profit institution is making out like a bandit. That's a problem." More...