There are some new concerns over the for-profit education market. Reports were out earlier in 2012 that Senator Harkin was attacking the for-profit education companies in a new round of attacks by targeting the ability of for-profit educators to market themselves. News was out in April that Harkin and another Democrat would propose a ban against for-profit schools using revenue from federal financial aid for adve
rtising, marketing and recruitment.
There has been chatter today that this Harkin proposal may actually turn into legislation. Herb Greenberg tweeted this earlier as some of these stocks are being hit today. What is interesting is that any further legislation is not likely to gain much support today. Still, it is an election year and any change-in-control of the House of Senate could change the future of the for-profit education sector
Read more: For-Profit Education Marketing Proposal Risks Grow - 24/7 Wall St. http://247wallst.com/2012/06/12/for-profit-education-marketing-proposal-risks-grow/#ixzz1xdRC8k5F