It is not surprise to see, one-by-one the so-called for-profit higher education institutions are falling apart. The society now can see how the business models of these institutions are. As the business of education is getting tighter every day, we will read more about their closures. Unfortunately, almost in all cases, the damages have been done, and students as always are the losers. It will be nice if preventive actions can be applied, but this may not be possible. Not until ESCC is established, because DOE may not have the peripherals to do this job.  If it has, it may not effectively in exercising them or perhaps it does not fall under the DOE jurisdiction and scope of its work. The Association has long suggested that the current system does not have an entity that has the power to conduct audit and compliance on both academic and colleges financial condition. Because of these inherent weaknesses, most of the businessmen are able to get away after accomplishing their short-run objective. Take a real example of what has happened to the Corinthian Colleges. Cheaters will always find the ways to escape. All these facts that are happening in the US higher education industry confirmed how difficult it is to clean up these messes. Until then, the students will always be the one who pay the price.

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