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Arne Duncan
U.S. targets for-profit colleges that saddle students with high debt
U.S. targets for-profit colleges that saddle students with high debt

The Obama administration is stepping up regulation of for-profit career colleges, announcing rules that could cut off federal funding to institutions that leave students with massive debts they can't repay. The U.S. Department of Education's effort, unveiled Thursday, is the latest sign that federal and state authorities are ramping up scrutiny of the for-profit college industry, which includes major brands such as ITT Technical Institute, the University of Phoenix and Everest College, owned by the troubled Corinthian Colleges Inc., based in Orange County. Critics contend that many for-profit colleges target low-income consumers and charge hefty tuition, leaving students with...

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