They’re not the whole problem. Colleges of every stripe are soaking up societal resources and saddling students with debt.
Some members of Congress have joined in the crusade against for-profit colleges, and not for nothing. Some publicly traded companies are reaping billions in profits–much of it fueled by federal student aid programs–while saddling many students with burdensome debt loads and degrees that aren’t leading to the income streams many students anticipated when they enrolled. This has made it increasingly difficult for borrowers to repay their non-dischargeable student loans, as evidenced by rising student loan default rates.