Thursday, June 2, 2011

Schools Matter: Duncan Caves to the Billionaires of the For-Profit Exploitation Colleges

Schools Matter: Duncan Caves to the Billionaires of the For-Profit Exploitation Colleges

Duncan Caves to the Billionaires of the For-Profit Exploitation Colleges

From TICAS:

Statement on Final Gainful Employment Rule
Pauline Abernathy, Vice President, The Institute for College Access & Success

Background: Today the U.S. Department of Education issued a final “gainful employment” rule to enable enforcement of the federal law requiring any post-secondary career education program receiving federal financial aid to “prepare students for gainful employment in a recognized occupation.” The final regulation applies to all career education programs, whether offered by a public, non-profit or for-profit college.

“The final gainful employment rule is a first step towards preventing federal taxpayer dollars from being wasted on career education programs that leave students with nothing but insurmountable debt. Unfortunately the final rule will allow many programs