(Bloomberg) — For-profit colleges more than doubled spending on lobbying and hired six former members of the U.S. Congress this year to fight regulations that threaten the industry. Ten education companies and their trade association spent $3.8 million on lobbying in the first nine months of 2010, up from $1.5 million in the comparable period […]
by Candi Sparks On June 15, the Department of Education responded to complaints from consumer advocacy groups by proposing regulations which would force for-profit schools (like DeVry) to change their policies, or lose student funding. The regulations are aimed at getting for-profit schools to accurately report two statistics to student candidates, namely, the school’s graduation […]
(Smart Money) — The Department of Education last week proposed new rules for for-profit colleges that would require schools to minimize their students” debt load and demonstrate an effort to prepare them for jobs with salaries sufficient to repay that debt. Schools that don”t meet these rules — which, once finalized, would go into effect […]
(New York Times) — The Education Department said Tuesday that it had split off and delayed a decision on the most controversial part of proposed new student-aid regulations — the treatment of for-profit college programs whose graduates do not earn enough to repay their loans. While a package of proposed new student-aid regulations was released Tuesday, a […]