Commercial Education Companies Scrambling to Cope With Credit Squeeze

The subprime trouble leaks into everything: "Not everyone believes that retrenchment in commercial education would be bad. 'High-risk borrowers with low academic achievement who are pursuing post-secondary training should not go to expensive, low-quality proprietary schools,' said Michael Dannenberg, director for education policy at the New America Foundation in Washington. 'They would be better off going to community colleges, which are lower cost and open enrollment, for the most part.'"