For-Profit Colleges Aim to Relax Draft Student Debt Rules
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For-profit colleges will join talks today in Washington as they try to soften an Education Department proposal that sets limits on student debt levels.
The regulations, rewritten after a court challenge, threaten the colleges with losing eligibility for U.S. financial aid within two years of going into effect, according to the department’s draft proposal. An earlier version would have given education companies an additional year to comply.