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For-profit colleges call new Obama administration rules unfair

By Julia Edwards WASHINGTON (Reuters) - For-profit colleges on Friday criticized the Obama administration's proposal to deny federal funding to career-training institutions that students leave with high levels of debt. The Association of Private Sector Colleges and Universities, which represents more than 1,400 for-profit schools, called the proposed rules discriminatory, saying they would disproportionately affect low-income students.

For-profit college sector popular with non-traditional students, but faces continued fire

WASHINGTON - The nation's for-profit colleges accused the Obama administration on Friday of engaging in a "discriminatory, punitive" attack against programs that help many non-traditional students find meaningful employment. The administration says it's those very students it's trying to protect.

Obama aims to tighten rules on for-profit career colleges

WASHINGTON (Reuters) - President Barack Obama will issue rules on Friday aimed at cracking down on low-performing for-profit career training colleges the administration says bury students under mountains of debt and fail to prepare them for a well-paying job. The Department of Education will announce rules making it harder for "predatory, poor performing" schools to get federal funds, White House and department officials said on Thursday.

Treatment of undocumented students unfair, college pres. says

Fairfax, Virginia, Feb 12 (EFE).- The president of Virginia's George Mason University on Wednesday called the state's ban on allowing undocumented students to pay in-state tuition at publicly supported educational institutions "a great injustice." "One of the problems we have, and we'll see how it gets worked out, are the DREAMers (undocumented students), given that the state of Virginia doesn't allow us to charge them in-state tuition," Angel Cabrera told Efe in an interview in his office. Out-of-state tuition is between double and triple the rate for Virginia residents.

Saving accounts for kids tied to development: study

By Andrew M. Seaman NEW YORK (Reuters Health) - Creating government savings accounts for children's future education when they're young may improve their development, according to a new study. Researchers found that young Oklahomans who had $1,000 deposited for them in a special education savings account scored better on measures of social and emotional behavior by age 4, compared to those who didn't get an account.

No. 13 UMass bounces back, routs Fordham

No. 13 UMass bounces back, routs Fordham AMHERST, Mass. -- Massachusetts coach Clark Kellogg had to wonder how his 13th-ranked Minutemen would bounce back after losing at Richmond last Wednesday night. Then, when his team fell behind Fordham 7-0 in the first three minutes, there must have been at least a little doubt in the coach's head.

Obama moves to fill Fed board, taps Fischer to be No. 2

By Mark Felsenthal WASHINGTON (Reuters) - President Barack Obama on Friday nominated former Bank of Israel governor and experienced crisis manager Stanley Fischer to be vice chairman of the Federal Reserve, and tapped two others to round out the U.S. central bank's top ranks just as it begins winding down its historic economic stimulus. Fischer would succeed Janet Yellen, who was confirmed by the Senate on Monday to lead the Fed after Chairman Ben Bernanke's term expires at the end of this month.

Outlook for education stocks brightens after Apollo results

By Sagarika Jaisinghani (Reuters) - University of Phoenix owner Apollo Group Inc <APOL.O> stunned Wall Street with its ability to trim fat and by finally reporting a slowdown in new enrolment declines, lifting shares of the for-profit education companies. Apollo's shares rose to their highest in a year after the company reported a fourth-quarter profit that was more than twice of market estimate and said it would cut more costs in 2014.

Caesars hopes to hit jackpot with Boston casino bid

By Richard Valdmanis BOSTON (Reuters) - Caesars Entertainment Corp's <CZR.O> proposed casino in Boston would draw elite international gamblers in the same way Las Vegas does, and marks one of the U.S. gaming industry's best cash-making opportunities, CEO Gary Loveman said on Friday. The company, which is pursuing an aggressive expansion agenda in the United States while wrestling with a mountainous debt burden of over $20 billion, is among a handful of major casino operators vying for licenses in Massachusetts.

NY man jailed for 1992 kidnapping of girl found dead in cell

By Victoria Cavaliere NEW YORK (Reuters) - A man serving prison time for kidnapping and hiding a 10-year-old girl in an underground bunker on his property on New York's Long Island was found dead in his cell, prison officials said on Thursday. John Esposito, 63, was discovered dead by an officer at Sing Sing prison during rounds on Wednesday, said New York State Department of Corrections spokesman Tom Mailey. "His death is not considered suspicious," Mailey said.
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