<p>If these for profit colleges provide a competitor to the “old school” way of educating students then I am all for it. As for fleecing students, so do many of the state colleges whose graduation rates are lower than 60%, since they are taking money from many who simply aren’t even qualified to be there (can you say remedial math and English!). Obviously many of those dropouts simply should not have been there, similar to the for-profit schools who prey on those who “think” they want to improve themselves but simply don’t have the drive or self discipline necessary to go to school “on-line”.</p>