For-profit college funding rules hit feds too

Tuesday - 6/14/2011, 9:41am EDT

Harris Miller, president & CEO, Association of Private Sector Colleges and Universities

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For more than a year, the Education Department has been in a tussle with for-profit colleges and universities. The government says many students are lured with false claims of future employment and salaries. And that they often graduate without sufficient skills, and therefore they default on student loans at a higher rate that attendees of traditional colleges and universities. New regulations would cut federal loans available to students of these schools. Harris Miller, President and CEO of the Association of Private Sector Colleges and Universities, or APSCU, tells the Federal Drive about how the industry sees the federal government's actions.