For-Profit Schools cry foul on Loan Rules
While compare with this is fight over whether from the department, it can be look at default data of students. This fact by including if about 65 percent of students default be unable to pay their loans, a preliminary rule says programs at for-profit schools could lose their eligibility for student loan funding. But the federal has losing aid could cripple some for-profit schools.
It must use default data that student left the programs in previous years by The Education Department. With the rule that is student who slate to go into effect in mid-2012. Roger Swartzwelder as general counsel talk about how loan to change the education that he said I would suggest that any rule made based on three years of data only go into effect three years after the rule is promulgated.
In easy example thing if profit schools often offer graduate and undergraduate degrees, but it also offer trade training for people wanting to become mechanics and medical technicians. In another school, they had been criticized for signing up unprepared students, by helping them get federal loans and then inadequately educating them. While many of them and then default on the loans. In recent months it would shares of profit schools have moved sharply during jockeying over the regulations.