News

Rule targets for-profit colleges over student debt

This is a summary. To read the whole story subscribe to BostonGlobe.com

he Obama administration is proposing new rules designed to protect students at for-profit colleges from amassing huge debt they can’t pay off — and still pass judicial muster after a previous version was thrown out by a federal judge.

The proposed regulations would penalize programs that produce graduates without the training needed to find a job with a salary that will allow them to pay off their debt. Schools, for-profit or not, that don’t comply would lose access to the federal student aid programs.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Share