"Students at for-profit schools, including the University of Phoenix and DeVry schools, make up 26 percent of federal student loans for 2008-2009, but 43 percent of defaults, according to Education Department figures. (See the Reuters graphic here: r.reuters.com/gev75r )
The schools' lobbying campaigns have been aggressive. They increased their donations to lawmakers and ran television, radio and newspaper ads accusing the government of interfering with students' choice of schools.
The schools hope that donations will get them audiences with lawmakers to convince them that the proposed regulations will deny Americans education opportunities.
They also want to kill legislation that Democratic Senator Tom Harkin, chairman of the education committee, has proposed to make the gainful employment rule tougher."
Analysis: For-profit schools attack reform rule by lobbying
Reuters:
