For-Profits' Lobbying Pays Off With Diluted Regulations

 Last year, the Obama administration vowed to stop for-profit colleges from luring students with false promises. In an opening volley that shook the $30 billion industry, officials proposed new restrictions to cut off the huge flow of federal aid to unfit programs. But after a ferocious response that administration officials called one of the most intense they had seen, the Education Departmentproduced a much-weakened final plan that almost certainly will have far less impact as it goes into effect next year. Read more at:
http://www.nytimes.com/2011/12/10/us/politics/for-profit-college-rules-scaled-back-after-lobbying.html?_r=1&partner=rss&emc=rss