The threat of an Obama administration crackdown on federal tuition aid for students of for-profit schools is roiling publicly held education firms such as Chicago's DeVry Inc. and Career Education Corp., mobilizing an all-out lobbying blitz against the proposal.No word yet on whether Obama is thinking of applying these standards to public universities that graduate sociology majors with $100,000 in debt.
Described as another subprime debacle waiting to happen, regulators are aiming to cut off federal student loans and tuition grants for classes that don't lead to jobs paying enough to avoid a default on that debt.
Tuesday, June 01, 2010
DeVry, Career Education join push against new rules designed to limit student-loan defaults
Crain's Chicago Business reports:
