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ITT trustee sues Ed Department, lenders to help pay $1.5B in claims

September 24, 2018

For-profit colleges in recent years have been the subject of controversy — at first drawing criticism and stricter regulations from the Obama administration for alleged unfair marketing and loan practices and, at times, the poor quality of the instruction.

More recently, the Trump administration and Education Department Secretary Betsy DeVos have moved to loosen regulations on the industry, which members said was struggling under the President Barack Obama’s policies and facing slumping enrollment and competition online from traditional nonprofit colleges and private corporations.

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