GOING AFTER KAPLAN: “Reports of students who leave such schools with heavy debt, only to work in low-paying jobs, have prompted the Department of Education to propose regulations that would cut off federal financing to programs whose graduates have high debt-to-income ratios and low repayment rates.”

Yeah, it’s not like that happens with traditional universities, or anything. If you’re going to go after schools for charging a lot and graduating students with poor job prospects, there’s no reason to focus on the for-profit sector exclusively — unless you’re just attacking the competition on behalf of the existing education establishment.