"Arne Duncan, the education secretary, said Wednesday that an estimated 1,400 academic programs that enroll 840,000 students would fail to meet the standards with their current performance. Fully 99 percent of those programs are at for-profits, he said."... https://www.insidehighered.com/news/2014/10/30/final-gainful-employment-rules-drop-loan-default-rate
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More on "gainful employment" by Chris Kirkham of the LA Times....http://www.latimes.com/business/realestate/la-fi-for-profit-college-rules-20141031-story.html
tingle with delight. Can't wait to see these schools shrink and close. Best news this year.