re: Barack Obama cracks down on for-profit colleges: Why do it this way?

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When someone is picking a major -- even at a highly respected school -- there should be some sort of counseling to determine if this major will allow a student to pay back the massive amount of debt that will be needed to get a worthless degree.

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I completely agree, but it isn't the colleges that are the issue here. They are getting paid. They are simply existing in a system which favors their current practices.

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What the f*ck were they thinking ... the government, the girl and her mother?

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FIFY

NYU was thinking intelligently. They aren't stiffed 100k in tuition. The morons are the girl, her mom, and the idiots in the government who gave her the loan in the first place.

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Meanwhile, universities like N.Y.U. enrolled students without asking many questions about whether they could afford a $50,000 annual tuition bill. Then the colleges introduced the students to lenders who underwrote big loans without any idea of what the students might earn someday — just like the mortgage lenders who didn’t ask borrowers to verify their incomes.

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After reading your article, who are these lenders? I'm curious to see who the idiots who loaned her the money are.

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But perhaps the biggest share lies with colleges and universities because they have the most knowledge of the financial aid process. And I would argue that they had an obligation to counsel students like Ms. Munna, who got in too far over their heads.

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See, this is part of the moronic mindset that keeps us in the current position.

Why is it the college's responsibility to counsel her? They did not force her to take that loan out, nor did they force the loaner to give her the money.

The two parties at fault here are the girl and the company that loaned her the money to begin with.