U.S. Judge Strikes Federal Rule on For-Profit College Grants
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The U.S. Department of Education’s rule designed to prevent for-profit colleges from leaving students with debts they struggle to repay was struck down by a federal judge who said the regulation was arbitrary.
U.S. District Judge Rudolph Contreras in Washington ruled on June 30 the department’s requirement that at least 35 percent of graduates must be repaying their loans for a college to qualify for federal grants wasn’t based on any facts.