The Obama administration released a proposal.

[SheepToTheFleecing]

Title: Proposal: Link federal aid to performance of ITT, peers
Date: July 23, 2010
Author: Bloomberg News

Now we are getting somewhere.

While most education companies provide valuable training and skills, high-cost education programs that lead to low-wage jobs are harming students, leaving them with hard-to-pay debts, Duncan said.

“We want to hit the ones at the bottom, those that simply aren’t working for students,” Duncan said in the press briefing. “The 5 percent would frankly be the bottom of the barrel.”

Source:http://www.ibj.com/proposal-links-subsidies-for-itt-educational-peers-with-performance/PARAMS/article/21290