For-Profit College Investors Cheer Education Dept Proposals

For-profit college investors applauded the U.S. Department of Education’s announcement Wednesday of a number of proposed reforms covering higher education, though analysts warn stocks could see pressure down the line as one issue remains unresolved.

The government-proposed reforms cover 13 major shortcomings in higher education, but the department said it will hold its recommendations on the 14th–a measure that would penalize schools for graduating students with high debt loads–until later this summer. Investors were excited to see the government take a more studied approach after industry lobbyists warned the proposal could "crush" the for-profit school sector.

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THE WALL STREET JOURNAL

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