New rules that would have limited federal aid to career-training programs at for-profit colleges were set to go into effect on Sunday. A judge killed the regulations at the last minute, declaring on Saturday that the product of a two-year Department of Education rulemaking process was “arbitrary and capricious.” He was right, writes Managing Editor Katherine Mangu-Ward, but the rules are far from the only thing that is arbitrary and/or capricious about federal higher education subsidies.
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