Steven Salzberg, a University of Maryland bioinformatics professor, writes with admirable frankness about the for-profits in Forbes:
… [For-profit universities] offer low-quality, almost worthless degrees. They have virtually no academic standards. They will accept anyone who can pay, and they seem to care primarily about the bottom line. They also haven’t addressed (and virtually never mention) the elephant in the room: many online students are probably cheating to pass their courses, which aren’t very demanding in the first place…
[We should] immediately stop offering government-funded student loans to FPUs. If they really have a better model for higher education, then let them prove it in the free market, without subsidies.