A compromise on student loan rules for career colleges is pleasing nobody. For-profit colleges complain “gainful employment” rules unfairly restrict access to federal loans, while the industry’s critics say the rule has been watered down in response to heavy lobbying. Only 35 percent of borrowers need to repay loans to keep a career college eligible for more aid. That doesn’t seem unreasonable.
A compromise on student loans
June 2, 2011 by