White House crackdown on for-profit colleges begins today

The Obama administration is cracking the whip on for-profit colleges. Starting Wednesday, the Department of Education will make sure students don’t take on more debt than they can handle by holding schools accountable for the return on investment of their degree programs. In many cases, especially with for-profit colleges, institutions have over-promised earning potential and students have taken on mountains of debt that they can’t repay.

Read the source article at CNNMoney

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