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Department of Ed Hopes for Better Regulation of For-Profit Market

The Department of Education hopes to implement federal law in which all programs offered by for-profits — like nondegree certificate programs at other institutions — must prepare students for “gainful employment in a recognized occupation” to remain eligible for federal aid. Degree programs at for-profits will pass the test — and retain eligibility for federal student aid — if the default rate of their students remains under 30 percent, according to the last draft released by the department.