"For-profit colleges are lobbying hard to weaken rules proposed by the Obama administration that would deny federal aid to career training programs that burden students with crippling debt and worthless credentials. But a recent spate of state and federal investigations into potentially predatory behavior by the for-profit sector — combined with
the collapse of Corinthian Colleges, one of the country’s largest operators of for-profit colleges and trade schools — makes clear that the rules need to be strengthened and that federal oversight generally needs to be broadened."
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