In Victory for Corporatized Education, Federal Court Strikes Down Regulation of For-Profit Colleges
Monday, 23 July 2012 00:00By Danny Weil, Truthout | News Analysis
US Education Secretary Arne Duncan. (Photo: Luke Sharrett / The New York Times)On Saturday, June 30, 2012, Federal Judge Rudolph Contreras of the Federal District Court, released a judicial judgment regarding that the "gainful employment" regulations that were to go into effect Sunday, July 1, 2012, in an effort to govern for-profit colleges and universities.The assumption behind the rules and regulations promulgated by the Department of Education (DOE), headed by Arne Duncan, were that the "gainful-employment portion of the regulations" (GER) would prevent for-profit colleges - which siphon off up to 90 percent and sometimes more of their revenues from federal student loans and Title IV funds - from leaving students struggling with huge debt loads and questionable credentials that do little to help them in landing jobs