bobbyw24
06-02-2011, 07:32 AM
Department of Education Sec. Arne Duncan is finalizing a controversial new regulation on for-profit, or “career,” colleges, issuing final rules Wednesday that condition federal aid to students of the schools to numeric thresholds on how much debt they incur or how quickly they repay the loans after attending.
The regulation is at the center of a bitter feud between the Obama administration, left wing interest groups and Wall Street “short sellers” on the one side pushing the rules, and lobbyists for the for-profit schools on the chopping block on the other pushing against them.
The administration has scored major hits in revealing sleazy sales techniques and even outright fraud on the part of some schools.
Read more: http://dailycaller.com/2011/06/02/amid-scandals-education-department-finalizes-regulation-on-for-profit-schools/#ixzz1O7r8V8GB
The regulation is at the center of a bitter feud between the Obama administration, left wing interest groups and Wall Street “short sellers” on the one side pushing the rules, and lobbyists for the for-profit schools on the chopping block on the other pushing against them.
The administration has scored major hits in revealing sleazy sales techniques and even outright fraud on the part of some schools.
Read more: http://dailycaller.com/2011/06/02/amid-scandals-education-department-finalizes-regulation-on-for-profit-schools/#ixzz1O7r8V8GB