UPDATE: US Education Dept To Delay Release Of Gainful Employment Rule
(Updates with comments from companies and trade association, fresh stock quotes.)
NEW YORK (Dow Jones)--The U.S. Department of Education will delay the publication of a controversial rule that could strip a number of higher education programs of access to federal student aid, though the rule is still scheduled to be implemented "on or around July 1, 2012, as planned."
The department, "on or around Nov. 1," will release 13 of 14 new rules governing a wide array of higher education issues, including compensation for student recruiters, the definition of a credit hour and verifying information on federal student aid forms, ...