Thursday, June 2, 2011

White House Issues Rules On For-Profit Colleges

The final rules issued by the Department of Education, however, are significantly less stringent than a draft version released last year, giving college programs an additional three years to come in line before possibly losing access to lucrative federal student aid dollars.
The U.S. Department of Education on Thursday issued long-awaited regulations to increase federal oversight of for-profit colleges, despite an intense, year-long lobbying effort by the colleges to fight the new rules and opposition from Republicans and some Democrats on Capitol Hill.

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