Posted on 08/11/2018 6:34:26 AM PDT by Libloather
Betsy DeVos’s Department of Education plans to rescind a controversial Obama-era rule aimed at protecting students from career training programs that fail to prepare students for decent paying jobs and saddle them with debt.
The Department released a document Friday outlining a proposal to scrap the gainful employment regulations. The rules, developed under the Obama administration required all programs that explicitly prepare students for careers — such as cosmetology and culinary training programs — prove that graduates were earning enough to repay the debt they incurred to complete the program. Many of these programs are at for-profit colleges. Programs that failed this test repeatedly could lose access to federal financial-aid dollars, a major source of revenue for many colleges.
The proposal is the latest effort by DeVos’s Department of Education to overhaul the Obama-era student-loan agenda. Officials announced major changes to another regulation last month aimed at making borrowers whole who say they’ve been defrauded by their colleges. Friday’s announcement also comes after a series of efforts to delay implementation of the gainful employment rule.
(Excerpt) Read more at secure.marketwatch.com ...
Great news!
Why not expand the rule and have it apply to all institutions of higher learning?
I want Trump to erase any sign Obozo was ever in office.
Assuming that the regulation is proper under a constitutional authorizing statute, I would be delighted to see it enforced against both for profit and not for profit schools, including state schools and all of the “studies” majors.
and a Judge will say ,Nope ,LOL
Wow, I didn’t know Obama punished colleges that actually trained people for real jobs, while encouraging kids to to get degrees in useless humanities brainwashing courses that left them fit for being nothing but a bitter barista.
Because that would kill a lot of liberal arts programs churning out SJW activists.
Proposing to apply it universally would be a terrific Trumpian move. All the nonprofits would go berserk having to explain why the fed should underwrite degrees with no market value.
One way to keep these schools on the up and up is to cut off government student loan money. That will keep them from inflating tuition and padding class requirements. As for job guarantees, sure and why not promise them a house too.
I think the obama crowd was right on this one, and that your idea is a great expansion of it. At the least, have them post positions filled by graduates and salary earned, by degree.
You're right, of course.
But I stopped laughing about it long ago.
These powermad judges have me seething with anger.
The Obama crowd was dead wrong. Students govern their own future and make myriad choices which have an effect on the earning power and in many cases choice to change their interests. Obama simply tried to place more government controls on students, convincing them the government knows best. BULLHOCKEY to any Obamaism.
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