The delay, backed by the House’s Republican majority and more than four dozen Democratic members as well, would give for-profit colleges and their allies more time to block or overturn the rule, which would cut off federal student aid to programs whose borrowers have high debt-to-income ratios and low loan-repayment rates. The Education Department is expected to issue a final rule in the coming weeks. The amendment would also bar the department from using federal money to enforce new rules that will require for-profit colleges to report more information about student outcomes and to notify the department when they create new programs.

Read full article [here].
by Kelly Field, The Chronicle of Higher Education.

Posted: February 18th, 2011, by: admin. Categories: . Awaiting Comments.