Sending Your Money to College

Washington lets colleges lend taxpayer money to students and turn a profit at public expense. And the Government Accountability Office says the Education Department doesn't have the tools it needs to keep an eye on the program. The GAO reports that the Federal Student Aid Office "may be unaware of practices that could place taxpayer dollars at risk."

The program has grown from $155 million in 1994 to $1.5 billion last year. You don't need a college degree to know that adds up to a lot of your money at risk. (CNN)