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July 2, 2015

Tougher rules for trade schools, job training

  • But reform advocates say there's still a big loophole: The regulations only consider graduates of a program and whether they can find employment.
  • By ANNE FLAHERTY
    Associated Press

    WASHINGTON — Exotic dancers hired as admissions counselors. Recruiters told to seek out “impatient” individuals who have “few people in their lives who care about them.” Military personnel still recovering from brain damage told to sign on the dotted line.

    In the two decades since trade schools started popping up on U.S. stock exchanges to maximize profits, allegations of misconduct have been rampant. Starting Wednesday, new rules are in effect for any school with a career-training program. Graduates have to be able to earn enough money to repay their student loans, or a school risks losing access to financial aid.


     
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