Legislation, Policy, Required - Written by on Wednesday, April 27, 2011 2:37 - 0 Comments

For-profit Colleges Concede Defeat on New Rules in Washington

For-profit college lobbyists wanted a provision by the House and Senate to de-fund ED’s for-profit rulemaking was not included in the final budget that will fund the federal government. 

Obama’s for-profit regulations affected some onlince colleges such as University of Phoenix.  It would strip schools of federal loan money if too many of their students maintain high loan debt-to-income ratios, among other provisions.

“Efforts by lobbyists from for-profit colleges – including some of the largest online education programs – fell short last week.”

-WA

Full article after the jump.



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