These people belong in prison. They victimized countless families. Just disgusting people.
I went on to graduate college from a Big Ten University and now work in software engineering in the aviation industry. We have production for some devices downstairs from my office and I actually know a couple people down there testing and soldering parts. ITT grads who 15 years later are making maybe $18 an hour. They learned how to solder, one I know for a fact still pays on his loans for ITT, for learning how to solder.
I don't think it can be overstated how low the people running these for profit colleges are. It's not some hidden scam where the workers don't know exactly what is going on, this stuff is all in the open at these schools, they have staff meetings about how to keep scamming people. Everyone is involved, from the execs, to the teachers, to the salespeople, to the counselors.
I don't think people have a clue about the sales techniques they employ and how persuasive they can be. These families really don't know what they are walking into with these recruiters, it's all perfectly orchestrated to make the sale. And once you sign they will not let you change your mind, there are all kinds of fines and fees should the family get home and decide maybe little Jimmy should go to the local Community College instead. They'll say the family owes $Thousands if they try to back out.
It's about time this got regulated, and it took Obama to do it, the Reps in Congress are all for this stuff.