An interesting story regarding the latest Senate investigation into “for profit” colleges like Phoenix University. The reports showed an exponential rise in enrollment at these universities, however, few people complete the degree programs and become employed. The colleges are receiving an incredible amount of federal student loan and grant monies yet rather than investing the money in the student’s future (i.e. job placement, private sector partnerships), the schools spend 40% of the tuition received on marketing and recruitment. The student ends up saddled with the debt and nothing to show for it.