By Tim Devaney

“Democrats are urging the Obama administration to “close loopholes” in new rules targeting colleges and universities that do not prepare their students to find jobs after graduation. The so-called “gainful employment” regulations from the Department of Education are intended to prevent graduates from being “buried in debt,” but critics say they do not go far enough and will allow for-profit schools like the University of Phoenix to take advantage of their students.” Read more here.