Rules for student loans at for-profit colleges may changeFor-profit colleges that operate online have come under fire of late, and now the government will review standards for issuing federal student loans to these institutions.According to a report in the Washington Post, the Obama administration is considering limiting the availability of loans at for-profit colleges severely, given these institutions' history of misleading or fraudulent loan practices. Instead, the administration will focus on improving the affordability of and access to federal loans for community colleges. The Post, whose parent - The Washington Post Company - controls several for-profit schools, said that critics of the new regulations believe they will limit Americans' access to higher education, which President Barack Obama recently identified as an "economic imperative." A report in the Miami Herald said that a recent undercover investigation of for-profit colleges found that a large percentage encouraged fraudulent loan practices and all made "deceptive or otherwise questionable statements" to investigators. These included encouraging applicants to lie about their financial situation to qualify for more federal aid. Further, consumers who attended this type of institution were more likely to default on federal student loans . 
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