For-profit college fights Education Department decision to block its conversion to a nonprofit

Nonprofit schools are not subject to what’s called the 90/10 rule, which bars for-profit colleges from getting more than 90 percent of their operating revenue from federal student aid funding. Plus, very few nonprofits have to contend with rules that limit how much debt students amass in career-training programs and require them to ensure that graduates of those programs attain “gainful employment.”

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