For-Profit Colleges Lose Effort to Block Proposed Rules
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Congressional supporters of for-profit colleges failed to block further regulation of the industry in a budget deal struck by Congress and the Obama Administration, lawmakers said.
The agreement made last week to avoid a government shutdown doesn’t include an amendment that would have thwarted the regulations, known as “gainful employment,” according to a statement yesterday by Republican Representative John Kline of Minnesota, chairman of the House education committee, who sponsored the proposal.