<p>To inform individual investors, publicly-listed companies report earnings quarterly, and their annual reports are audited. The Wikipedia article on Sarbanes-Oxley states that “as a result of SOX, top management must now individually certify the accuracy of financial information.”</p>
<p>Many students and their parents are investing far more in a college education than they will in any single company. They are spending not only their own money but taxpayer money (Pell grants). Maybe university presidents should be required to affirm the accuracy of information their schools provide, and individuals who lie should face jail time, just as dishonest CEOs do.</p>