A new rule finalized Friday by the Obama administration will cost student debtors who say their colleges defrauded them of some longstanding rights to get their federal loans canceled, while colleges on shaky financial footing dodged a government crackdown.Those regulations, proposed in June, mark the administration's response to the spate of closures of for-profit colleges, following state and federal investigations and lawsuits that have so far led more than 80,000 Americans to seek [...]
Source Business - poconorecord.com http://ift.tt/2f3pUAg
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