For-profit colleges sue Obama admin over 'irrational' new guidelines - Claire Zillman, Fortune

The schools have asked a judge to reject the new regulation, which bases for-profit colleges’ access to federal loan programs on graduates’ debt load. The Association of Private Sector Colleges and Universities, a trade group that represents for-profit colleges, sued the United States Department of Education and Secretary Arne Duncan on Thursday over rules the Obama administration released last week that penalize career training programs for burdening students with massive debt while offering few job prospects. http://fortune.com/2014/11/06/for-profit-colleges-sue-obama-admin-over-irrational-new-guildelines/