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Feds Try to Get Even Tougher on For-Profit Colleges
Bloomberg BusinessWeek: Almost since his first days in office, President Obama has tried to rein in for-profit colleges. His U.S. Department of Education has tried to use the power of federal student loans and Pell grants to tackle programs that can be expensive, yet still leave students unprepared for the job market. Some for-profits get almost all their revenue from federal student aid, so the Obama administration already swings a pretty big stick. Now, after a two-year delay, it is seeking even greater regulatory clout.
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