Should for profit college that deliberately mislead their students be shut down?

[dennie18]

Think about it, they are encouraging students to take out government loans that most of them will not be able to pay back, thereby increasing the national debt and the tax burden. But this is just a mechanism of the market right? The vast majority of people who go to these "schools" cannot pay for them on their own (probably because most people who can are capable of enrolling at a legitimate school), and the vast majority of them do not get the kind of jobs they are told will be able to get.

They furthermore plaster ads all over youtube and television trying to force it down our throats what "great" institutions they are. What a crock. Full Sail, Brookline, Carrington, and so on... and if they are so great, WHY were they all founded AFTER 1980 (when most legitimate colleges in the US were founded before 1900)? It's just another example of what happens when an economy is overliberalised (liberalise I mean in the deregulation sense) and it comes back to the consumer as an externality. The CEO's of these companies that own them should be speaking in front of a Senate committee instead of sitting in the mansions they own off the broken dreams of already disadvantaged students and YOU the taxpayer. Both libs and cons should be more vocal about this.

I'm starting college this fall and I would NEVER in a million years go to one of these schools. And the worst part is...there's no reason anyone has to.