New rules will require for-profit schools to show that their students meet certain debt-to-income ratios in order to keep receiving federal student aid.
As we reported: "Adopted after a bitter, expensive lobbying effort by the for-profit education industry opposing the new rules, the standards announced Thursday were actually less stringent than some had expected."
When the rules were announced, my mailbox was inundated with groups praising them, others arguing that they go too far -- and some saying they don't go far enough. A sampling:
From Sen. Tom Harkin (D-Iowa):
From Rep. John Kline (R-Minnesota):
From analysts at Height Analytics in Washington:
From David Halperin, director of the progressive student group Campus Progress:
The stock market, for its part, responded favorably.
