Govt. delays rule opposed by for-profit colleges
By Eric GorskiAP Education Writer / September 24, 2010
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The U.S. Education Department said Friday it will take more time to finalize new regulations targeting for-profit college job-training programs, but emphasized it was intent on moving forward and holding the sector accountable.
For-profit colleges have campaigned hard against the "gainful employment" rule, which would cut off federal aid to college vocational programs with high student debt levels and poor loan repayment rates. They've lobbied Congress, purchased newspaper ads and helped students
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