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Ms. Sullivan blamed what she called "predatory mortgage companies" that stick naive homeowners with unconscionably high loan rates.
Some of Full Sail's 37 degree programs have suffered from high loan burdens and low graduation rates, data show.
Those companies without sound measures in place to manage water use sustainably are likely to suffer restricted access to capital, high loan rates and inflated insurance premiums.
For this reason, it had intervened last month to limit the volume of high loan to income mortgages that lenders would be permitted to approve.
As a result it has kept restrictions it put in place a year ago on the proportion of high loan to value lending that banks can offer.
Colleges with very high loan default rates in the two years after graduation (now changing to three years) lose their eligibility for federal student aid.
Similar(43)
It will ration some high loan-to-income mortgages from October.
It could force lenders to restrict high loan-to-value mortgages.
The second phase of the scheme guarantees very high loan-to-value (LTV) mortgages.
He could also intervene to limit mortgages with high loan-to-value ratios.
Shared ownership mortgages tend to be offered at a high loan-to-value.
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CEO of Professional Science Editing for Scientists @ prosciediting.com