Interesting article in today’s Inside Higher Ed:  N.Y. Proposes Tax on For-Profits, by Rob Capriccioso:

The New York State Education Department is considering imposing the equivalent of a tax on for-profit colleges in the state — and using the proceeds of the fee to cover the cost of investigatin fraud and abuse at commercial institutions.

According to a recent draft of the proposal obtained by Inside Higher Ed, the department would charge all proprietary institutions a fee equal to 0.1 percent of the annual state and federal financial aid they receive, but no less than $10,000 per institution per year. “Timely payment of fees shall be a condition to continue operation as a degree-granting institution in New York state,” according to the proposal.