The ideal of "College for All”—usually interpreted as meaning the acquisition of a four-year degree—is every bit as noble as it is unattainable, at least judging from actual graduation rates. It is within this tension that for-profit colleges wish to live—a kind of pseudo knight in shining armor riding gallantly into the battle for equal opportunity. But too many for-profit colleges (a.k.a., career colleges) are not solving educational issues. Rather, they are perpetuating inequalities and obscuring the fact that what is preached (e.g., “College for All”) has nothing to do with what gets achieved.
Many have pointed out that, by enshrining a path so few end up traveling (to say nothing of completing), we may be doing a great disservice to our youth. This argument is loud and clear; what may not be totally obvious is the variegated ways in which this constitutes a disservice. By idealizing the B.A./B.S. path, not only are we discouraging young people from exploring equally valid post high-school options, but we inadvertently may have also made them more vulnerable to the allure of disreputable for-profit colleges and/or encouraged for-profits to exploit this vulnerability.
As a matter of fact, one consequence (unintended, I am sure) of the “College for All” ideal may have been to widen the niche for for-profit career colleges. I am hardly the first to point out that the worst career colleges sell fake dreams by arm-twisting and sweet-talking potential students into taking out unsustainable—often federally-subsidized—loans for products of uncertain value. For-profit colleges did not create this dream. We did. They have only done what we would expect a for-profit entity to do: Exploit it.