NAICU - Education Department Takes Aim at For-Profits With Student-Debt Rule

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Education Department Takes Aim at For-Profits With Student-Debt Rule

Chronicle of Higher Education

July 23, 2010

The proposed "gainful employment" rule, which has been anticipated by for-profit colleges and short-sellers alike, would cut off federal aid to programs whose students have the highest debt burdens and lowest loan-repayment rates, while limiting enrollment growth at hundreds of other programs. For-profit lobbyists are calling the rule "unwise and unnecessary."

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