Topic: Govt Cracking Down on For-Profit Schools With ‘Gainful Employment’ Regulation

[Pandora]

The government is moving forward with its crackdown on the country's for-profit schools, aiming to protect students from taking on too much debt to attend schools that do nothing for their job prospects.

The Department of Education has finalized its "gainful employment" rule, which will ban for-profit schools like DeVry University or Apollo Group Inc.'s University of Phoenix from accessing federal financial aid dollars if too many of their graduates are unable to find jobs that pay enough to allow them to afford their student loan payments. If graduates owe too much relative to their income, or too few former students are paying back their tuition loans on time, schools stand to lose access to Pell grants and federal student aid. Such a loss would seriously crimp schools' ability to attract students.

"These new regulations will help ensure that students at these schools are getting what they pay for: Solid preparation for a good job," Secretary of Education Arne Duncan said Thursday. "We're giving career colleges every opportunity to reform themselves but we're not letting them off the hook, because too many vulnerable students are being hurt."

These totalitarian, malicious bastards!!

Plenty of Pell Grant money for "Womyn's Studies", though, and Black and "hispanic" this and that, because these avenues of learning are surefire paths to a good-paying job with which to repay student loans?  What's the rate of loan default in "Early Childhood Education" majors?

Gunsmith paid his way, via a UPS job, through DeVry Tech and that got him his job at MCI in the 80s.

Gawdamn these people.

[Libertas]

As usual their motives ring hollow...this might as well be called the "Protect the Liberal Universities Initiative"!  And as usual parents and kids take it up the arse and small efficient operators like this get shut down...more jobs and lives ruined...it's the proglodyte way!

 

 

 

[Pandora]

From June 9th:

Yesterday, Senator Jim DeMint of South Carolina introduced an amendment to block enforcement of the Department of Education’s recently released Gainful Employment rule. CFIF is pleased to see Senator DeMint take action against the rule, which goes too far in regulating private entities, and threatens to eliminate competition in higher education. Members of Congress on both sides of the aisle have made it clear that they oppose this rule, yet Senator Tom Harkin (D-IA) continues to lead a crusade against for-profit institutions. Moreover, Senate Majority Leader Harry Reid (D-NV) and Senator Dick Durbin (D-IL) have threatened to stop DeMint’s amendment in its tracks.

[trapeze]

These schools need to take the Hillsdale approach and forego all federal funding. Getting into a relationship with the federal government has always been a bargain with the devil and now the bill is coming due.

[LadyVirginia]

These schools need to take the Hillsdale approach and forego all federal funding. Getting into a relationship with the federal government has always been a bargain with the devil and now the bill is coming due.

These schools' admin would have to work harder and the result would be better schools.