"Representatives of more than 50 for-profit colleges and universities descended on the Capitol on Tuesday to lobby Congress to reject a proposed change in federal law that could make dozens, if not hundreds, of proprietary institutions ineligible to award federal student aid," reports The Chronicle of Higher Education. "The proposal, which is included in legislation to reauthorize the Higher Education Act that the U.S. House of Representatives could take up as early as next week, would modify the way the Department of Education calculates 'cohort default rates,' or the rates at which student-loan borrowers who leave college in a given year default over a subsequent period. The department now calculates the rate based on the number of defaults two years after a cohort enters repayment. Under the proposed change, it would calculate the rate based on a three-year period."