08/24/2010 05:12 am ET Updated May 25, 2011

For-Profit Colleges Face Federal Probe

Two weeks ago, the hub of the federal government's scrutiny of for-profit higher education was the U.S. Department of Education, where a team of staffers were putting the finishing touches on a set of proposed regulations aimed at reining in abuses of the federal financial aid program.

Abruptly, though, since the draft rules were released to reporters and Congressional staffers on June 15, the activity has moved to Capitol Hill -- a change in location that has been accompanied by an equally sudden and stark shift in the focus and tone of the debate about for-profit colleges and universities.

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