NAICU - Obama Cracks Down on For-Profit Colleges, Links Loans to Income

Even though the 2012 NAICU Annual Meeting is history, you can continue to benefit and learn from the many presentations and speeches that were offered, and are now available on line.

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Obama Cracks Down on For-Profit Colleges, Links Loans to Income

Bloomberg.com

July 23, 2010

Today the U.S. government relaxed a proposal governing the industry's access to federal student aid.The rules proposed today would give companies the option of showing that at least 45 percent of students are paying down principal on their loans, and, under some circumstances, would allow them to go on a "restricted" status rather than becoming ineligible for grants.

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