10/30/2014 11:05 am ET Updated Oct 30, 2014

Obama Administration Backs Down On For-Profit College Regulations


The Obama administration has released a final version of regulations targeting for-profit colleges that is significantly weaker than the initial rules proposed earlier this year, caving to complaints and legal threats from industry lobbyists. The regulations could still shut down 1,400 programs at for-profit colleges, which collectively enroll about 840,000 students.

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