For-profit schools happy with new regulations

The Department of Education announced new federal financial aid regulations that are less stringent than what was originally proposed. Instead of hard cutoffs, schools that fail to meet the guidelines have time to fix their stats.

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I'm uncertain why non-profit, traditional schools are exempt. Tuition debt at many liberal arts colleges and universities can be exorbitant with little chance for early repayment. To be fair, these schools do not profess to teach job skills.

 

Congress likely wouldn't allow for drastic cuts to student aid programs that would hurt traditional schools in every Congressional district.