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For-Profit Colleges to See Effect of U.S. Crackdown on Student Loan Rule

Bloomberg News

August 12, 2010

The U.S. Department of Education will release data tomorrow showing how its proposed requirements for student-loan eligibility will affect for-profit colleges. The department will provide information taken from a single U.S. state on former students' earnings and a description of how the agency formulated its regulations. Figures showing the percentage of former students who are repaying their loans at individual for-profit colleges also will be released.

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