July 25, 2008

For-Profit Colleges Seek Fix for Student-Loan Problem

By GOLDIE BLUMENSTYK

After rushing to pass a law that makes it easier for students to obtain more federal student loans, Congressional leaders and lobbyists for for-profit colleges may now be close to a deal to help those colleges avoid an unintended result of that new law.

The parties are seeking a measure to keep the colleges from running afoul of the requirement that at least 10 percent of their revenue comes from nonfederal sources.

The colleges have been concerned about the requirement, known

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