Obama Admin. Backing Down?
Let's hope the delay on rules for for-profit colleges (err, diploma mills) is due to the DOE's need to gather a bit more information and not a retreat from their previous position.
From Businessweek:
Obama Said to Delay For-Profit College Loan Rule
By John HechingerJune 11 (Bloomberg) -- The Obama administration is delaying the release of a proposed rule that would cut federal financial aid flowing to for-profit colleges, Congressional aides said today. Analysts said the move means the government may back away from a regulation the industry is fighting.The proposed rule, known as gainful employment, would disqualify Apollo Group Inc., ITT Educational Services Inc., Career Education Corp. and other for-profit colleges from receiving grants and loans if their graduates spend more than 8 percent of their starting salaries repaying
