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Universal Technical Institute plans $50M acquisition of Concorde Career Colleges

May 5, 2022

The regulatory environment for higher education has been growing stricter under President Joe Biden’s administration, with many changes at the federal level putting pressure on for-profit institutions. Earlier this year, the U.S. Department of Education unveiled a policy making private college owners financially liable in situations like their students requiring loan forgiveness. The department also reached consensus on changes sharpening the 90/10 rule, which prohibits for-profit colleges from receiving more than 90% of their revenue from federal student aid.

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