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New regulations could cutoff federal aid to 1.2 million minority students

African-American civil rights, business and political leaders are opposing U.S. Department of Education regulations that would limit access to career colleges for many minorities by cutting off federal loans and grants at some of the for-profit learning institutions.

Among those voicing concerns about the regulations are Rev. Jesse L. Jackson, Founder/CEO of Rainbow PUSH Coalition; Willie Gary, one the nation’s leading trial lawyers; Harry Alford, President and CEO of the National Black Chamber of Commerce; Randal Pinkett, Chairman and CEO of BCT Partners; and 12 of the 39 voting members of the Congressional Black Caucus.