Archive for May 5th, 2010

Federal Government Gets Tough With For Profit Colleges

May 5th, 2010

The Obama administration is preparing to produce tougher regulations that could reduce the amount of federal financial aid flowing to for-profit colleges, cutting the companies’ annual revenue growth by as much as a third. The tougher rules would require for-profits┬áto show that their graduates earn enough money to pay off their student loans. If for-profit colleges can’t meet the standard, they could lose federal financial aid, which typically makes up three-quarters of their revenue.