Arne Duncan Keeping "Options Open" About Delaying Gainful Employment Proposal

TheHill.com has the scoop:

Education Secretary Arne Duncan on Wednesday said the Obama administration has not ruled out a delay in proposed regulations on for-profit colleges.

The controversial provisions could have a dramatic impact on the for-profit education industry, which receives billions of dollars in federal tuition subsidies each year.

Asked about a possible delay to the new regulations, Duncan said, “We are keeping our options open.”