February 6, 2008
House Bill Retains Controversial Default-Rate Plan but Adds Safeguards
Washington
Under pressure from for-profit colleges, Democrats in the U.S. House of Representatives have agreed to modify a proposal in a key higher-education-policy bill that could have put hundreds of such institutions out of business.
The revised plan, which is included in a "manager's amendment" to legislation to renew the Higher Education Act, the law that governs most federal student-aid programs, would allow colleges to have higher cohort default rates without losing their
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Notes From Academe
-
The Chronicle Review
-
Administration
