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White House proposes new for-profit college rules

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Posted: Friday, March 14, 2014 8:00 pm | Updated: 12:13 am, Sat Mar 15, 2014.

WASHINGTON — The for-profit college industry says it will vigorously oppose proposed regulations by the Obama administration designed to protect students at for-profit colleges from amassing huge debt they can’t pay off.

The proposed regulations would penalize career-oriented programs that produce graduates without the training needed to find a job with a salary that will allow them to pay off their debt. Schools, for-profit or not, that don’t comply would lose access to the federal student aid programs.

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