Obama puts target on for-profit colleges

Published March 14, 2014 12:00am ET



The Obama administration is making a new push to crack down on for-profit colleges, saying Thursday that it would stop the flow of taxpayer dollars to schools that don’t properly prepare students for the job market.

“Higher education should open up doors of opportunity, but students in these low-performing programs often end up worse off than before they enrolled: saddled by debt and with few – if any – options for a career,” Education Secretary Arne Duncan said. “The proposed regulations address growing concerns about unaffordable levels of loan debt for students enrolled in these programs by targeting the lowest-performing schools, while shining a light on best practices and giving all programs an opportunity to improve.”

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