For-profit colleges may face aid cuts The Obama administration proposes a new rule: Federal aid to for-profit colleges will be cut if students in vocational programs graduate with worthless degrees. Millions of low-income students are borrowing heavily to attend colleges and too many of them are dropping out, and failing to get a job.

Source: USA Today, June 2, 2011 How do you think the personal distribution of income would change if all graduates could obtain a well-paying job that uses their knowledge gained in college?