Tell Me Again Why We're Worried About For-Profit Higher Education?

Another in a long string of setbacks in the for-profit education sector:

Accreditor Puts Ashford on Notice

It looks a little cheesy that this institution tried to gain accreditation under one region (Southwest, which turned it down) and has now turned around and applied in the midwest. After years of being told by various know-nothing outsiders that for-profits were going to "upend" higher education and do away with existing universities, it's good to see reality reasserting itself.