VA warns California in for-profit college dispute


By Michael Stratford (@mstratford)

The Trump administration is threatening to punish California regulators over their decision to turn away a large for-profit college seeking state approval for funding under the GI Bill. At issue is California’s decision to avoid taking action on Ashford University’s application for approval while the state’s attorney general has accused the school of defrauding students.

— The Federal Reserve is raising new concerns about student loan debt as a drag on the housing market.

— The House approved a disaster aid package that includes $165 million for schools and colleges affected by storms, fires and other natural disasters in 2018. It’s not expected to go anywhere in the Senate.

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