By Anna Mitchell, Independent Mail
For-profit college students are defaulting at double-digit rates on federally backed education loans. New federal regulations aimed at controlling the industry, though, also affect nonprofit and public institutions that offer online courses and out-of-state internships. At cash-strapped Clemson University, officials estimate they will spend tens of thousands of dollars and hundreds of man-hours to comply — or risk losing millions of dollars in federal education grants and loans.
http://www.independentmail.com/news/2011/jun/18/crossing-state-lines-gets-tougher-colleges-univers/
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