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Md. Bill Would Increase Regulation of For-Profit Colleges

March 23, 2011
 

The Maryland Senate on Tuesday unanimously approved legislation to increase regulation of for-profit colleges, The Baltimore Business Journal reported. Among other things, the legislation would authorize the Maryland Higher Education Commission to create a fund, to be financed by all the for-profit colleges operating in the state, that would reimburse students enrolled at for-profit colleges that close or enter bankruptcy.

 
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