The implementation
of the gainful employment rule appears to be weeding out the for - profit schools that can not produce programs that will help graduates find good work.
«The premises
of the Gainful Employment Rule and the Borrower Defense to Repayment Rule are simple: 1) career training programs should provide sufficient education to enable graduates to obtain jobs and actually pay off their debt without a significant financial hardship and 2) students defrauded by their schools should be able to have their loans discharged.
Today, the U.S. Department of Education announced steps to change two important higher education regulations — a delay of borrower defense and a renegotiation
of the gainful employment rule — and to conduct a new regulatory process to rewrite these rules.
Not exact matches
While the current leadership
of the Department
of Education appears to back relaxing or even repealing the
gainful employment rule, other groups are strong advocates
of this regulation.
Newly appointed head
of the Department
of Education Betsy DeVos appears very unlikely to pursue further regulation
of for - profit colleges, and I think there's a good chance that the
gainful employment regulation and the 90/10
rule are both rolled back.
Although Republicans have pledged to eliminate
gainful employment, Debbie Cochrane, vice president
of the Institute for College Access and Success, said the
rule addresses two issues — the burden
of student debt and the ability
of graduates to find well - paying jobs — that President - elect Donald Trump spoke about on the campaign trail.
COLLEGES PLAN APPEALS
OF «GAINFUL» DATA: More than 200 colleges have indicated they intend to appeal the Education Department's determination that one or more of each school's programs has failed — or is close to failing — the «gainful employment» rul
OF «
GAINFUL» DATA: More than 200 colleges have indicated they intend to appeal the Education Department's determination that one or more of each school's programs has failed — or is close to failing — the «gainful employment»
GAINFUL» DATA: More than 200 colleges have indicated they intend to appeal the Education Department's determination that one or more
of each school's programs has failed — or is close to failing — the «gainful employment» rul
of each school's programs has failed — or is close to failing — the «
gainful employment»
gainful employment»
rule.
One
of the
rules is on
gainful employment, which holds nondegree career education programs accountable when graduates have too much debt; the other is on borrower defense, which allows student borrowers defrauded by institutions to get loan forgiveness.
In the coming months, the Department
of Education will release «
gainful employment»
rules to rein in for - profit colleges, an experiment in proprietary education that many see as an unmitigated disaster.»
The «
gainful employment rule,» as it is called, aims to hold postsecondary schools accountable for the quality
of the education they offer.
One
of the best outcomes from the
gainful employment rule is that schools have to be transparent about how much their graduates are paying in student loans compared to how much they're earning.
Obama's
Rule Would Discriminate Poor Students When the Department of Education came up with the proposed rule of gainful employment, it seemed like a good idea at first, but in -LSB-
Rule Would Discriminate Poor Students When the Department
of Education came up with the proposed
rule of gainful employment, it seemed like a good idea at first, but in -LSB-
rule of gainful employment, it seemed like a good idea at first, but in -LSB-...]
This is part
of the Department
of Education's «
gainful employment» (GE)
rule that went into effect last year.
The list could go on, as these are simply highlights
of the ways that the borrower defense and
gainful employment rules protect students and other taxpayers.
Unfortunately, the Department has not only delayed implementation
of the bulk
of the borrower defense and
gainful employment rules, but has also announced that it intends to rewrite both sets
of rules.
Instead
of interpreting the concept
of public body in such a broad way as to include DVGW, the Advocate General choose to apply the Bosman, Viking and Laval cases by analogy, arguing that «
rules of any other nature aimed at regulating in a collective manner
gainful employment, self -
employment and the provision
of services» should also be extended to the case at hand and the free movement
of goods.
Insight Had the Borrower Defense to Repayment
rule taken effect, for - profit colleges would have had to prove their programs led to the «
gainful employment»
of graduates or risk the loss
of federal aid, according to a post by Androvett Legal Media & Marketing.