Obama Revises For-Profit College Proposal After Court Block
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The Obama administration revised its regulatory package for for-profit colleges, rewriting a proposal that the education industry blocked in court almost two years ago.
The agency redrafted a key provision of the regulations that a U.S. district judge cited in striking down the rule in July 2012, White House Domestic Policy Council Deputy Director James Kvaal said late yesterday in a conference call with reporters. The rule, called gainful employment, links education companies’ eligibility for federal grants and loans to former students’ debt loads and income.