The NY Times business section had an interesting article today on Career Education Co (the owner of several for-profits including AIU and Colorado Tech). Gretchen Morgenson The School That Skipped Ethics Class http://www.nytimes.com/2005/07/24/business/yourmoney/24gret.html Here's what CECO is in trouble for: A judgement is forthcoming, and apparently some students at their Brooks school may be due for a court-ordered refund! Personally, I think advertising for some schools has gotten out of hand, and there needs to be some more regulation (much as with prescription drug advertising). I'd support something like a regulation asking all schools that receive federal money -- for-profit and non-profit -- to make publicly and conspicuously available some simple raw data: 1) how many students used their career counseling service 2) how many attained jobs as a result 3) how many graduates agreed to have the results of their job searches anonymously recorded 4) their average, median and mode salary per field. This would make the market more open and increase competition. Higher education students, as consumers, really have very little access to standardized, reliable information when you compare them to drug or car or realty consumers.