For-Profit Colleges Risk Losing Tax Money Under Debt Rules
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For-profit colleges training security guards, medical assistants and law enforcement officers risk losing federal money because they leave students with debts they struggle to repay, the U.S. Education Department said.
More than 190, or 5 percent, of the career-training programs failed to meet new loan-repayment regulations, the government said. Career Education Corp. and Corinthian Colleges Inc. ranked among the worst schools on the agency’s list.