Gainful Employment rules out!

Posted By: Admin | Posted In: For Profit Education Industry | Trending News |
June 3, 2011

Yesterday the Obama Administration released final regulations requiring career college programs to better prepare students for “gainful employment” or risk losing access to Federal student aid.  Or at least thats how they put it…  Bottom line is that they eased a few caveats of the previous reg’s providing colleges with extended time for implementation, some flexibility on income data sources, interest only or income based payments, and minor changes to debt to income metric. While this is at least a bit more manageable than the previous reg’s most believe it’s still harmful to many constituents in the lower income and minority segments.  Hopefully this will be a sign and more thought will go into future revisions.   link to the rules on]]>