OUCH! The new GAO report on for-profit colleges is just plain awful. There is some serious scamming going on by the BIG BOYS and it is brings a pall across the entire industry. I really am glad to see a crack down coming.
There are many great online colleges that are cost effective like New England College of Business and Finance and American College of Education - so do your homework before you invest in your future.
As to the other online colleges and universities - clean up your act!
See the GAO for-profit colleges video