February 8, 2008

For-Profit Colleges Fight Proposal on Default Rates

By KELLY FIELD

With Congress poised to take up legislation to reauthorize the Higher Education Act this week, proprietary institutions are lobbying furiously against a provision that could put hundreds of for-profit colleges out of business.

Representatives of more than 50 for-profit colleges descended on Capitol Hill last week to urge lawmakers to strike language from the bill that would modify the way the Education Department calculates the "cohort default rate," or the rate at which student

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