"A Senate committee will hold a hearing March 10 to examine Bridgepoint Education Inc. (BPI), part of the for-profit college industry under federal scrutiny for its recruiting practices and use of government funds.The Senate Health, Education, Labor and Pensions Committee will use Bridgepoint as a “case study,” Senator Tom Harkin, the committee chairman and a Democrat from Iowa, said in a statement today.Harkin wants the company, based in San Diego, to explain its $135 million increase in profit, as its loan default rates rose and more than 60 percent of students who enrolled in the bachelor’s program between 2008 and 2009 withdrew by the summer of 2010, he said in the statement...."link:http://www.bloomberg.com/news/2011-03-03/senate-committee-to...John
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