After a two-year investigation of the for-profit higher education industry, the Senate’s Health, Education, Labor and Pensions Committee issued a report in July that condemned for-profits for delivering a poor-quality education for a monster price tag. The report said that the 30 for-profit colleges investigated, including DeVry, Kaplan and the University of Phoenix, misuse government funds, attract students with deceptive advertising and burden them with massive amounts of debt—some programs at for-profit schools cost as much as four times more than similar programs at non-profit schools—without providing graduates with good job prospects. And these schools do all of this on the backs of American taxpayers: In 2009-10 alone, for-profit colleges received $32 billion in federally backed student loans. But since Congress issued its scathing report, little has been done to reform for-profits. The Obama Administration’s “gainful employment” rule, which would stop awarding federal loans to for-profits whose students graduate with more debt than they can realistically repay, was slated to take effect in July, but a lawsuit brought by a trade association representing the for-profits has put the provision on hold. In the meantime, some for-profits are making voluntarily reforms—the University of Phoenix, for example, has implemented a three-week, non-credit orientation course in an effort to get students to think twice before enrolling—but for the majority of for-profits until Congress takes action, it’s business as usual.