The federal government could soon be taking a hard stance against for-profit colleges. Schools that fail to produce graduates capable of paying off their student loans stand to lose access to federal student aid programs. A new 'gainful employment' rule is being draw up by the Obama administration. Programs will be required to show that their annual student loan payments don't exceed 8% of graduates' total earnings, or 20% of their discretionary income. The Education department estimates that about 1,400 programs serving 840,000 students won't meet the required standards, meaning their federal aid could soon be a thing of the past.