Education

FRONTLINE also finds that the regulators that oversee university accreditation are looking closer at the for-profits and, in some cases, threatening to withdraw the required accreditation that keeps them eligible for federal student loans. "We've elevated the scrutiny tremendously," says Dr. Sylvia Manning, president of the Higher Learning Commission, which accredits many post-secondary institutions. "It is really inappropriate for accreditation to be purchased the way a taxi license can be purchased. ...When we see any problematic institution being acquired and being changed we put it on a short leash."
http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/

The University of Phoenix even has a web page with their reponse to the 2010 story:
http://www.phoenix.edu/about_us/media-center/university-of-phoenix-responds-to-frontline.html