JOHN MERLINE: War on For-Profit Colleges Doesn’t Make Sense. Sure it does. It’s protecting a constituency from market competition. That’s what politicians do.

And note this: “Critics point out that loan defaults are more common for students at for-profit colleges than those attending traditional schools. But others say this is largely because for-profits serve more low-income and ‘at risk’ students. Research by financial aid guru Mark Kantrowitz found little difference in defaults among low-income Pell Grant recipients, regardless of where they went to school.”