How does Opening a Long-Term Fixed Deposit Offer Higher Returns?

If you want to reap higher returns, a long-term Fixed Deposit is your best choice. Read on to find out how long-term Fixed Deposits offer high returns.

One of the most preferred investment options is a Fixed Deposit. In fact, senior citizens today prefer a Fixed Deposit to park their retirement benefits—thanks to the assured returns combined with safety of investment. You can open a Fixed Deposit with any bank or financial institution.

The best part about Fixed Deposits is that you are well aware of the returns that you will get on hand at the end of the maturity period. An FD calculator is at your fingertips to quantify the amount of interest that your investment will earn. With most of us making the best use of online banking, quantifying the interest on Fixed Deposit or EMI on home loan has become very easy. In fact, this calculator helps you to split your Fixed Deposits among diverse banks so that your interest income is maximised and the impact of TDS is nullified.

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Are you debating whether to invest in a long-term or short term FD? Well, if you require funds in the near future, a short term Fixed Deposit is indeed a wise choice; because breaking a Fixed Deposit can have a direct impact on your returns. But, if you want to earn more out of your rupee invested, it is recommended that you choose to open a long-term FD.

 

Higher Interest Rate

Banks generally offer a higher rate of interest when you park your savings in a long-term FD. As of date, banks offer around 7.25% for deposits between 1 and 3 years. However, if you opt for a 5 year term, you can earn 7.5% on your Fixed Deposit.

Banks accept deposits from the public to dole out loans as well as meet their working capital requirements. By parking your funds for a longer time, the banks enjoys access to your funds for a longer period—the benefit offered to you is in the form of higher interest. If your goal is return maximisation, long-term Fixed Deposits are your best bet.

Of course, interest rates are dependent on many other macroeconomic factors as well.

 

Cushions Against Interest Rate Fluctuations

You may have observed that your new Fixed Deposit is earning a few percentage points lower than the one you’ve been holding since last year. Fixed Deposit interest rates vary from bank to bank and are dependent on a number of factors. These include state of the economy, inflation, money supply, and RBI directives.

When you choose to invest in a long-term Fixed Deposit, you lock in the capital at a specified rate of interest. So, you can be sure that despite the interest rates hitting a low, you’ll get a higher return. For example, an FD opened 3 years ago for a 5 year term would have earned you interest at the rate of 8.75%. When interest rates are showing a falling trend, and the current interest rate dips to 7.5%, you will continue to earn interest on your FD at the rate of 8.75%

 

Mitigates Reinvestment Risks

The biggest advantage offered by long-term Fixed Deposits is they nullify the reinvestment risk. With funds locked in for a longer time period, you earn higher returns.

We are currently in an interest fall regime. About 5 years ago, long-term Fixed Deposits (of a 5-year tenure) fetched you 10% return, whereas currently, the interest rate hovers between 7.25% and 7.5%. With the rates predicted to spiral southwards, a long-term Fixed Deposit certainly fetches higher return.

 

Offers Tax Savings

The motive behind any investment is to earn a higher return and also use it as a tool to save tax. The interest that you earn on your regular Fixed Deposits attracts TDS. As a result, the return you earn net of tax will be definitely less than what is printed on your Fixed Deposit receipt. As a tax saving instrument, a long-term Fixed Deposit is highly popular. Nomenclatured as tax saving Fixed Deposits, they carry a lock-in period of 5 years. You earn a good rate of interest and the tax saved can be construed as your earning—the net effect is that your tax saving FD will earn a higher return compared to a regular FD.

There is no doubt that long-term Fixed Deposits offer higher returns and are hence a popular investment choice. But, have you considered the impact of inflation on your returns from a long-term Fixed Deposit?

Inflation is one thing that can have an impact your return on investment. So, when you invest in a long-term Fixed Deposit, that is required to know about TDS, the returns are not adjusted for inflation. In fact, if the inflation levels are quite high during the tenure you hold the Fixed Deposit, there is a possible chance that your investment will fetch you a negative return.

To conclude, long-term Fixed Deposits are indeed the ideal investment choice. In addition to keeping the capital intact with guaranteed returns, long-term Fixed Deposits hedge you against interest rate fluctuations and reinvestment risk. On the tax front, investment in tax savings deposits rank as the top savings tool.

Top reasons why small business loans get rejected

One of the biggest headaches in any business enterprise is getting the required finance. More often than not, most of these small business enterprises get rejected for loans owing to any one crucial or a combination of reasons. Read on to find out why small business finance may get rejected:

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  1. Bad credit

No lender wants to lend money to a business whose credibility is on the down low. They look at the personal credit worthiness as well as that of the business. They decide the interest rates based on this rating. Sometimes, a businessman’s application for loan gets rejected due to previous inability to pay off a loan, bankruptcy, previous credit history, etc. Most often, a business loan gets rejected due to its lack of any credit history or low credit score. Such businesses can increase their credit worthiness by making payments on time, spending low on their credit limit on cards, etc.

  1. No collateral to offer

No bank is going to lend you any funds unless you assure them some form of collateral. Collateral can be any tangible material of value such as jewellery, property, car, etc. Unfortunately, a new enterprise may not have such collaterals to offer, rendering their application for loan with lotto value.

  1. Unsatisfactory cash flow

Many young businesses do not have enough cash flow to keep their operations running smoothly. If the bank feels that you don’t have enough cash at hand to make your regular loan payments in addition to paying your employees, updating inventory, paying rent, etc. they may deem your business as a bad investment and not pass your loan application.

  1. Inadequate preparation for loan application

This may sound silly, but often loan applications get rejected because the bank statements, tax returns, business plans, projected earnings, personal and business credit reports, etc. aren’t in place. Furthermore, for a better chance at getting your loan application approved, you need to have all your legal documents in place before you approach the bank.

  1. Growing risk avoidance by banks

With the economy fluctuating, banks are not comfortable in lending to small business, as the risk of losing their investment is much more in such situations. In such a situation, small businesses might have better luck by approaching community banks, where their personal relationship with the bank personnel works as their credit worthiness.

  1. Small loan amount

You may think that seeking a loan for a small amount will be easier than seeking one for a bigger amount. Alas, you couldn’t be more wrong. Banks take more or less the same amount to process a small loan and a bigger loan. However, underwriting a bigger loan is more profitable to them. Hence, you may find your loan rejected while that of the person before you, with a much larger amount, get accepted.

Now that you know some of the reasons as to why your loan may get rejected, you can try to work on them to ensure that on your next visit to the bank, you come out with a happier face!

Best careers in business finance

Careers in finance are great options for many people because money matters are always the order of the day. From personal finances to business operations, money is an essential commodity that will remain a staple for years to come and it is quite possible to maintain a long-term career in finances. The following are some of the best careers in business finance to choose:

Financial analysts

Financial analysts are crucial for business operations. They help businesses make good financial decisions based on analyses on numbers such as sales, capital expenditure and market trends. Financial analysts are the individuals that help businesses to grow and expand since there analyses give recommendations on the untapped financial potential of the business and how to make even greater returns. These professionals also work with other leaders in the business world when making these analyses and recommendations. To become a financial analyst, you need a bachelor’s degree in fields such as business administration, finance, accounting or statistics.

Accountants and Auditors

Accountants are the professionals that give advice on matters of accounting and keep the business books in order. The plan for the businesses finances, evaluate and report spending and analyze these reports as well. Accountants also help businesses stay in compliance with the law by making sure paying of all the tax remittances is in good time. A bachelor’s degree in accounting is usually the best way to set of your career in this field. Auditors also work closely with accountants because they examine and analyze accounting records and use these to create financial reports for the clients.

Loan officers

Loan officers help businesses get financing for capital, expansion and purchase of equipment among other financial needs. They examine the creditworthiness of the business and find the best loans depending on the business’ financial capacity. A bachelor’s degree in Economics or finance is very popular among loan officers.

Collectors

Collectors are very crucial for businesses that have credit accounts. They are the ones who keep track of overdue accounts and attempt to collect these payments for clients and other partners. Collectors need to have very good communication skills as they interact a great deal with people every day. Collectors need to have at least a high school diploma but further qualifications from college and university are an additional plus for employers, especially if you study something to do with public relations.

Treasurer

Most large-scale companies usually need to have a treasurer. The treasurer is one of the very important individuals in the finance department. They are the professionals who direct the businesses financial goals and objectives. They oversee the company’s accounts and approve budgets from various departments in the business. They also oversee business investments and capital raising strategies from other departments. The job of a treasurer also requires a high level of trustworthiness. You should keep your criminal records clean if you want to stay in these careers.  Treasurers need to have a bachelor’s degree in accounting, finance, business administration, economics or other related fields. Most employers will look for advanced degrees and experience when hiring professionals in this field.
Bio

Jeremy Newton is a financial advisor who encourages leasing as a way of owning a vehicle for a short term. You can read more on short-term vehicle leasing at http://leasequit.com/.

Live A Debt Free Life

Looking at the present scenario of advancement in various fields and growing standard of life style, one can definitely come to a conclusion that almost every person who earns for his living is eager to live a lavish life style and the entrepreneurs are craving for growing their business every minute. Even the middle class people are working hard to purchase all the luxuries that they can afford. This is also due to the reason that even the costly luxurious items have now become affordable with the dilemmas known as installment and loans. There is a loan for almost everything. Car loan, home loan, property loan, personal loan, education loan, gold loan and many other loans allow a person to purchase what he wants and then pay the price later.

People who are in the service sector have a fixed monthly payment and hence they cannot afford to give up all their monthly earning in order to buy a luxury item or do an investment. For such people, companies have started offering down payments and installment plans. The installment plans allow a person to buy a particular commodity or service with a certain cost and then pay the rest of the money in fixed installment to which interest rates also apply. Some people who run out of cash or are in a very low financial status or are facing some sort of financial crisis look forward to borrow money from various lenders in order to have a hold of the present situation and problems.

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All these people who borrow money from one or the other sources in form of loans, installments, and hard cash purchase are said to be in debt. Debtors are those people or organization who borrows money from creditors and are yet to pay the amount back along with the interest rates applied by the creditor. Situation occurs when a debtor is not able to pay back the borrowed amount to the creditor due to financial crisis. Situation becomes worst when there is a huge amount of debt and one has no idea on how to pay them back and get relief from debts. The national debt relief provides guidance to debtors so that they can at least settle the debt amount to an extent by applying various problem solving methods. One can click here to know the details on how the national debt relief works to settle the debts of the client who approach them and the criterion that they apply to help their clients.

National debt relief helps their clients to deal with the creditors and their constant phone calls and threats. They evaluate the financial conditions and bank statement of the debtor and then decide how the various ways in which they can help their client get free from all the debts. They also allow their clients to have an access to their account that has been created with the debt relief services so that the client can monitor the transactions and keep a track of payments.

 

Settle The Debts With Ease

The national debt relief has been working for years in order to help people who are under debts. They vow to give their best to their clients who seek guidance and help so that they can get free form the debts and out- standing balances. People who suffer from financial crisis and are not able to pay their creditors often visit or contact the national debt relief services so that they can find out the various solutions to their individual problems. Not only people who are under financial stress take help of debt relief services but also people who cannot handle their debt accounts and are really messy with handling monthly installments can also acquire help of national debt relief.

In such cases where people are financially strong and have the amount to pay to their creditors per month but are not able to handle the payment options, dates, amount, interest rates etc. can hire professionals from national debtrelief and get their debts paid on time. The debtor just needs to make a one- time payment to the debt reliefservices and then the professionals make sure that they pay each and every amount to the concerned creditor on time so that the creditors do not harass the debtor with late payments.

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Click here to get in to the official web site of national debt relief and go through the reviews of the past clients who have reached the national debt relief and have experienced amazing help from them. For people who are financially weak and do not have the cash to pay off the debts can also consult the national debt relief and ask for expert advice on the situation. The best thing about national debt relief is that they do not charge a fee until and unless they set their client debt free. After all the debts are paid off they charge a minimal fee depending upon the debt amount as nothing comes for free in this world. One can feel free to contact the professionals at national debt relief as they work only for the benefits of their clients. The issues discussed with the experts stay within the client and the expert and do not reach any third person. Once a professional starts working on debt relief, the first thing they do is ensure that the creditors come to know about the situation that the debt relief is taking care of the debts so that the creditors do not call the debtor and create irritating scenario.

It is obviously not possible that a client registers today and debts get cleared by tomorrow. One has to be patient and cooperative. The debts are surely to get consolidate within 12 months to 25 months depending upon the debt amount and financial condition of the client. They also negotiate with the creditors to get a reduction on the debt amount and the interest rate so that paying of the debt amount gets easier and gets within reach of their client.

 

Call Centers Remain A Key Option To Aid Business Growth

Although a lot of businesses have already started to work with event-triggered response from website cues using scripting, there is still quite a bit of value that can be added by taking a look at the services that a traditional call center provides.

Here are some areas where call centers can help enhance revenue by increasing the amount of contact between businesses and potential clients:

Answering the phone: Virtual office services have been a buzzword among firms that have had a strong online presence for the past few years. The service starts with a dedicated call center team that backs an IVR or automated call system that is tied to a website or a phone number. When a client interacts by asking a question, the question is routed to a worker that is trained and ready to send back a response. If there are common queries, they can have their answers automated so that the customer saves time with they contact the bank.

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One key metric with virtual call centers is that when you tie people to your website around the clock, they are normally able to make a solid impact turning contacts into prospects.

Supporting your product: Whether it is technical support or customer service, the challenge for most organizations is to create a structure in-house that can cover the need to answer customer questions about sales and products in an efficient fashion and within budget constraints. When you outsource and use a call center team, they are normally supporting more than one product, which makes it important to find a firm that is able to learn new products and services quickly. If they have this capacity, their ability to snap into your system and handle your overflow or all calls and messages can allow you to have your team focus on higher value activities, giving you better ROI for your traditional customer support queries.

Converting sales: Although it isn’t the most common opportunity, there are times when sales will be lost because there are problems with the website or the credit card that is used is not accepted by the banking system. Having a call center contract in place with support will allow your company to track those instances using a script and pass the information to a call center agent so they can contact the client right away and ask if they want to use a different credit card. Some companies, like SolidCactus.com, also offer to automate this type of service so that you can use it as coverage 24/7 without needing to use a live human agent. In situations where a client’s credit card is not working, if your scripting and system is built right, you can see roughly the same amount of conversions as you will with live people.

Traditional call centers have been supporting business processes for decades. Recently, companies that are forward-thinking about their sales and customer service processes have started leveraging technology in order to boost the number of services that their contract workers can perform for them.

Limiting Your Downside With Tools Provided By XFR Financial Ltd

At present, forex market with a turnover of trillions of dollars is the largest market and continues to attract an increasing number of traders because of some exclusive benefits it offers, the most attractive of which is easy liquidity. One of the very basic principles of gainful forex trading is to keep your losses low to increase your profits. Additionally, this kind of trading necessarily requires a lot of determination and a good control over your emotion. Since it is an extremely vast and fluctuating market, it is a norm these days for most traders, skilled or otherwise to make use of some helpful forex trading tools that many brokers, including XFR Financial Ltd provide. On sticking to the basics of forex trading, you are most likely to be rewarded considerably.

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Letting your profits run is not an easy task!

Cutting on your losses to make profit is easier said than done. If you like to make steady profits, you need to work hard. It depends a lot on the acumen of trader. Experts in technical and fundamental analysis may continue to contradict the ways of profitable trading but it is only the traders who face the actual circumstances. Most often, the traders who take the right position manage to book profits while those swimming against the current face problems. To continue making profit requires a lot of self-control in a highly fluctuating market as well an ability to make adjustment on identifying worthwhile opportunities for making profitable trades.

It is of paramount importance for a trader to make the right interpretations in a moving market. It could be a new announcement, a headline or some technical reason that cause sudden volatility in the market. An important benefit of live trading with XFR Financial Ltd is that traders come to know of the volatility in real time, before they come to realize what really caused it. It means managing risks and size of trade is as important as remaining focused on making profit and taking measures for attaining the same.

Limiting The Downside With XFR Financial Ltd

It’s actually a good policy to maintain the disadvantage in the open and judge the advantage of the market as a bounty. Traders need to appreciate that forex is a huge market and those wanting to trade with the intention of making more and more profits in the long run would do well to always maintain a limit of their risks. Much to the disadvantage of traders, forex market is overwhelmed by surprises. Traders who limit their risks and restrict downside are usually able to emerge from their adversities. Therefore, the most vital aspect of trading is to speedily reduce your losses. It will be too much to expect that you won’t make loses. However, if you have the capacity to bear loses and they don’t form a significant part of your trade on the whole, you would do well. You’ll become a superior trader if you can contain your profits and have a fine career on trading through XFR Financial Ltd.

Always strive to keep your losses to the minimum level for enhancing your profits by indentifying the correct time for making your next move.

3 Things To Know Before Trading Forex With XFR Financial Ltd

Forex market is a great market for the people who want to make money through their investments in a reliable financial market. It is the largest financial market in the world and provides the highest liquidity therefore. The number of people trading in Forex is huge and everyone trades on the fluctuations in the price of the currencies of their choice. Some enter with the aim of entertainment and some enter to be a professional trader. But one thing has to be kept in mind that just investing your money for trading Forex is not a guarantee for a successful trading career. Many traders left Forex trading when they found that they are not able to generate significant profits. Only those who have successful strategies on their hands succeed with XFR Financial Ltd. We will discuss here 3 things you should know before you start trading Forex.

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Trading Forex is not an opportunity to get rich instantly

Trading Forex is not something that will take your 10000 dollars and turn it into 1 million. Whatever you read on various websites may be something to attract you but the fact is different. The more money you invest, the more profit you can get but the risk is also there. Here the rule applies ‘It takes money to make money”. But do not be depressed with this fact. There are successful Forex traders who have developed slowly over the time with successful strategies and you could be the one. A winning strategy is minimizing your losses and this can be done by limiting your leverages and also diversifying your portfolio. If you try your luck fast and invest huge amounts of money it may be possible you earn big but the probability of losing money on the next round is also high. So go step by step with XFR Financial Ltd. Risk only a small percentage of your savings and learn how to make profits and minimize losses.

Excessive Leverage can ruin your successful strategy

Leverage is a good way to trade in higher amounts while depositing less money what you have. But the other side of the coin is harsh for the traders. You trade in big money in the want of higher profits but what you have risked in deposit is the money you can loss. Suppose you have gained a lot of money in trading without leverage or with low leverages. Suddenly you risk your all money in a high leverage trade and you lost all because of things going wrong! This is why excessive leverage is bad for your game and it can ruin your winnings!

It is okay to ask XFR Financial Ltd for help

People think that trading Forex is an activity of loners. It is for the people who sit in a room and stare at the charts for endless hours. But it goes good with the traders at XFR Financial Ltd who exchange honest ideas with one another and it helps in building the trading ideas and share the experiences of trading with one another.

Take Your Business From Remedial To Remarkable With These Proven Strategies

If you’re like most corporate leaders, you want your business to flourish and move forward with unprecedented speed and innovation. However, what many business owners tend to forget is that this process will not transpire overnight or in a supernatural manner. Rather, business optimization and company growth result from the consistent implementation of proven expansion methodologies that will move the organization out of mediocrity. Some of the strategies that can take your business from remedial to remarkable include:

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1. Invest In High Quality Time Clocks.
One strategy you can implement to take your company from mediocre to marvelous is investing in high quality time clocks. In many cases, business owners have not mastered the art of carefully and accurately recording each employee’s hours. When this important process is overlooked, you run the risk of overpaying or underpaying your staff. To prevent this from happening, consider utilizing the excellent, effective Acroprint time clocks offered by online stores like TimeClockeShop.com.
2. Optimize Your Business Meeting.
In addition to investing in high quality time clocks, you should consider the value of optimizing your business meetings if you’re serious about making your company exceptionally excellent and effective. Optimizing your business meetings is important for numerous reasons, including the fact that employing strategies like effective communication can increase understanding about and accomplishment of company objectives. With this idea in mind, it’s a good idea for you to implement strategies that will optimize the discussion and dissection of your business’s distinct goals, challenges, vision, etc. One great technique you can employ to realize this objective is the use of employee surveys and questionnaires that you use to gauge the staff’s understanding of and response to the information you disseminate during the meeting.
3. Make Time For “Me.”
In a world where company cultures are oftentimes rife with a “team mentality” and “connectivity” mindset, business owners will frequently forget to make time for themselves and focus on how their individual gifts and talents contribute to the efficacy of the company. Don’t make this mistake. While maintaining a “group first” attitude is important, you must simultaneously be cognizant of your own needs, feelings, and desires. Maintaining this self-knowledge and focusing on yourself helps engender personal maintenance and emotional balance.
Conclusion
Mediocrity will never enable your company to move mountains or attain marvelous conversion rates. If you’re ready to move beyond average and into excellence, the strategies delineated above can assist you. By investing in high quality time clocks, optimizing your business meetings, and making time for yourself, you can propel your company into an unprecedented dimension of market domination.

Trade Schools Must Find Grads Jobs or Lose Financial Aid

Students Scrambling as Remaining Corinthian Colleges Shut Down
Exotic dancers hired as admissions counselors. Recruiters told to seek out “impatient” individuals who have “few people in their lives who care about them.” Military personnel still recovering from brain damage told to sign on the dotted line.

In the two decades since trade schools started popping up on U.S. stock exchanges to maximize profits, allegations of misconduct have been rampant. On Wednesday, new rules go into effect for any school with a career-training program. Graduates have to be able to earn enough money to repay their student loans, or a school risks losing access to financial aid. In general, annual loan payments shouldn’t exceed 20 percent of a graduate’s discretionary income or 8 percent of total earnings.

It’s a modest step, consumer advocates say, that will probably succeed in shutting down the most obviously fraudulent programs, often criminal justice and medical training programs that can cost as much as $75,000 but aren’t sought after by employers. Still, the government’s new definition for “gainful employment” is unlikely to change what’s become a complicated, enduring problem in the U.S.

Too many poor kids, mostly minorities, are reaching adulthood with little education, no prospect of attending a four-year traditional college and not enough time, money or knowhow to figure out an alternative path through a local community college. What these students do have is eligibility for government-backed student loans and grants, making them targets for predatory lending schemes that look much like tactics used by subprime lenders during the housing crisis.

Meanwhile, there remains little appetite in Congress and the White House to wade into the business of deciding which diplomas and schools are worthwhile. House and Senate Republicans have proposed blocking enforcement of the regulations, while the White House said it’s backing off from the idea of developing its own college ratings plan.

“This is a civil rights issue, plain and simple,” said Maura Dundon, senior policy council at the Center for Responsible Lending, which estimates that 28 percent of black students studying for a four-year degree are enrolled at a for-profit college compared to only 10 percent of white students.

COLLEGE AID

For-profit schools say they are meeting a need of students looking for job training.

“Who else in higher education is educating these students? I have yet to get a cogent answer to this,” said Noah Black, a spokesman for the Association of Private Sector Colleges and Universities, or APSCU, a group that represents the $30 billion-a-year industry and sued unsuccessfully to block the regulations.

Republicans in Congress have swung behind the industry, saying the Education Department’s debt-to-earnings ratio doesn’t make sense.

“If every graduate in the University of Tennessee’s political science program were to come work on Capitol Hill, then that program would be shut down,” said Sen. Lamar Alexander, who chairs the committee that oversees education and labor issues.

Well intentioned or not, the unfettered rise of for-profit colleges since the 1990s is costing taxpayers. For-profit schools consistently take in more federal loan money than nonprofit schools, despite enrolling a smaller number of students. Yet, for-profit students also account for 47 percent of all federal student loan defaults, according to a 2012 Senate investigation.

In addition to loan defaults, state and federal investigations have turned up widespread allegations of fraud and deceptive business practices, particularly in the case of the now-defunct for-profit chain Corinthian Colleges. The findings have been so startling that last month the Education Department launched a major consumer bailout program and appointed a “special master” to oversee debt relief for students.

Certain Corinthian-related programs, including those at Heald College, were deemed so unfair and predatory that the Education Department set up a website to make the process of debt relief easier for those students. Officials estimate bad debt resulting from Heald College at about $542 million.

The total could climb. The Education Department estimates it loaned some $3.6 billion in the past five years to Corinthian students before the government forced it to sell or close its campuses.

Other for-profits too are showing signs of trouble: ITT Educational Services, Education Management Corp., University of Phoenix, Career Education Corp., Kaplan and DeVry University are among those that have disclosed to shareholders that they are or have been subjects of investigations by state or federal authorities.

These are our taxpayer dollars that form federal student loans, that are used to educate people and supposedly place them in jobs. When did that cease to be a public trust?

“These are our taxpayer dollars that form federal student loans, that are used to educate people and supposedly place them in jobs. When did that cease to be a public trust?” said Jack Conway, the state attorney general in Kentucky and the leader of a working group of 37 states investigating for-profit schools.

The latest regulations have so far survived two challenges in court, but include what reform advocates say is still a big loophole: The regulations only consider graduates of a program and whether they can find employment. The rules don’t consider how many students attend a school and drop out, either because they were never qualified in the first place or because they realized the program wasn’t going to get them a job.

White House officials said the rules are the toughest viable legal option at a time when many lawmakers are defending the industry. They estimate the regulation will affect some 841,000 students enrolled in training programs that won’t result in employment.

“This industry is well-funded, has powerful backers in Congress and has worked relentlessly to avoid even the most commonsense measures,” Education Secretary Arne Duncan said. “But today, despite their efforts, new safeguards for students become a reality.”

APSCU’s Black said the administration’s focus on employment makes the regulations unfair. Nonprofit public and private colleges churn out numerous degrees that don’t immediately translate into jobs, he said.