A U.S. judge on Wednesday threw out a lawsuit filed by a group of for-profit colleges challenging the Obama administration's new regulations aimed at limiting student debt.
U.S. District Judge Lewis Kaplan in New York upheld the Department of Education's rules, which require the colleges to demonstrate their graduates earn enough money to repay their loans in order to maintain access to federal financial aid.
"DOE has a strong interest in ensuring that students - who are, after all, the direct (and Congress's intended) beneficiaries of Title IV federal aid programs - attend schools that prepare them adequately for careers sufficient for them to repay their taxpayer-financed student loans," Kaplan wrote in a 57-page decision.
Read more at Reuters: http://www.reuters.com/article/2015/05/27/usa-education-lawsuit-idUSL1N0YI1VL20150527