My main concern about colleges and universities is NOT that they may be for-profit but what kind of curriculum they offer students and are the professors/teachers worthy of their various positions, are they accredited, are they politically extreme or radical liberals etc.
Personally I think they should apply the same standards to state-funded and private “non-profit” institutions as well. If the universities are over-priced (mainly due to government subsidies of garbage degree programs) and inadequate to produce qualified graduates for the job market, and if those graduates then have excessive student loan debt with no way to repay it, then the “non-profit” institutions of “higher learning” should be subject to the same scrutiny and potential loss of funding sources as teh “for-profit” schools.
Can you imagine if the Education Department applied this rule not just to for-profit schools, but to non-profit, liberal arts colleges?