Profits grew while students were hurt by a law intended to protect them
What would you say if I suggested that the elimination of just one regulation could save students thousands of dollars in student debt? Ever heard of the 90/10 rule? It applies only to for-profit colleges and requires that no more than 90 percent of their revenue come from federal sources. Congress passed the regulation in 1992.
Originally published: May 4, 2021
Author: Billy L. Clark
Institution: Delta Colleges
Published by: The Hechinger Report