For-Profit College Heads at Luxurious Retreat

Around 60 executives from for-profit schools across the nation just attended a lxurious retreat at Lake Tahoe resort in California. For a decade, they have spent millions lobbying Congress to stop regulations aimed at their industry. These proposed laws seek to punish schools that saddle students with loans they cannot pay back. One of this industry's chief lobbyists trying to shelter this industry from new regulations is former Senate Majority leader Trent Lott, who attended the retreat as a noted guest and gave them a presentation on legislative updates. These schools help worsen income inequality as the executives make lavish salaries with luxurious perks like this while students get loans they often cannot repay and no guarantee of a job after they earn their degrees. http://www.huffingtonpost.com/2012/02/17/for-profit-college-chiefs-lake-tahoe_n_1283331.html