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Rep. John Kline worries new rules will hurt for-profit colleges

WASHINGTON — The Obama administration announces new regulations requiring the colleges to demonstrate they’ve prepared students for “gainful employment,” putting the schools’ federal funding at risk.

WASHINGTON — The Obama administration announced new regulations Thursday requiring for-profit colleges to demonstrate they’ve prepared students for “gainful employment in a recognized occupation,” putting the schools’ federal funding at risk if they cannot.

If a school consistently fails to meet those goals, they are required to send out a series of letters to students explaining why they failed, warning them about post-school debt loads and explaining potential transfer options. If a school fails to meet the new standards three out of four years, it will lose its federal funding.

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Rep. John Kline
Rep. John Kline

Harkin greeted the regulations, but indicated he hopes to see more coming in the future.

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