Proposed Rules Target For-Profit Colleges over Debt.

FOR-profit universities & colleges; EDUCATIONAL finance; EDUCATION policy; VOCATIONAL guidance; STUDENT financial aid

The article reports on the new rules proposed by the administration of U.S. President Barack Obama to protect students at for-profit colleges from incurring huge debt. Topics discussed include career-training programs, the opposition of the for-profit college lobby to the proposed rules and the failure of some programs to prepare students for gainful employment. Also mentioned are the federal financial aid programs, limit on repayment of student loan and loan default rate.