For-profit colleges face more state scrutiny

Lawmakers in at least 17 states have introduced bills on for-profit colleges this year.

Tired of waiting for action from the federal government, several states are moving ahead with plans of their own to tighten regulation of for-profit colleges—including some of the nation’s largest online schools.

Last fall, the federal government started drafting new rules to rein in the recruiting practices of for-profit colleges.

That effort followed a report by the U.S. Government Accountability Office that found the colleges deceived potential students about graduation and job placement rates in the process of getting them to enroll and sign up for state and federal loans.…Read More