Some things just don't change, and Team Obama is one of them. From HuffPo:
The Obama administration on Thursday retreated from an ambitious proposal to protect low-income students and taxpayers from wasteful career-training programs and for-profit colleges that saddle students with taxpayer-backed debts they can not repay.
Investors cheered the news, sending shares in major for-profit college chains soaring Thursday and significantly outpacing gains in the broader U.S. stock market. Student advocates and consumer groups accused the administration of selling out students. . . .
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