DeVos revokes Obama-era rule policing for-profit colleges

The U.S. Education Department is rescinding an Obama-era rule that aimed to police ineffective for-profit colleges.
Department officials said Friday that the 2014 gainful employment rule will be removed entirely effective July 1, 2020. The rule sought to cut federal funding for programs that consistently left graduates with high debt compared to their incomes.
The department’s announcement says the rule focused too much on student earnings and unfairly targeted for-profit colleges.
Rep. Bo