DeVos repeals rule that polices for-profit colleges

 

Source: Collin Binkley - AP

The Trump administration revoked an Obama-era rule that aimed to terminate federal funding to for-profit college programs that consistently left graduates with high student debt.

Department officials announced that the 2014 gainful employment rule will be rescinded effective July 1, 2020. The agency’s announcement said the rule focused too narrowly on graduate earnings and unfairly targeted for-profit colleges.

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