Managing Money :: For-profit schools resist regulatory action

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Released: August 17, 2010

For-profit schools resist regulatory action

Source: Nick Anderson, Washington Post (Free Registration)

The Washington Post Co. and other for-profit providers of higher education pushed back Monday against a government report last week that found many of their former students are not on track to repay their loans.

Several industry stocks, including The Post Co.‘s, fell after the release of the report related to a federal effort to tighten regulation of for-profit colleges. The Post Co. said in a statement Monday that the federal initiative “could have a materially adverse effect” on earnings of its Kaplan higher-education unit.

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