Are not-for-profit institutions, which also rely heavily on federal student loans, similarly subject to the “gainful employment rule?”
The highest paid public university presidents
These guys make almost as much money as a back up guard in the NBA.
They will lose this suit.
If the government applied the employment wage to school loan amount to state and private law schools they would find the same issue. My son has six figure school loans for his law school, but was fortunate to get hired at a salary that allows him to pay his loans. Many of his classmates were not so fortunate and are working in 50k jobs with the same six figure loans.
I know someone who runs a beauty/barber/massage school, and I was shocked to learn that annual tuition is more than a year at a public university.
“that charge excessive tuition, especially for programs that have little value on the job market. “
Women’s studies anyone?
The school seemed to be a student loan and VA loan mill that pretended to teach career skills. I had to quit, couldn't in good conscience be part of that. Some of my students were Iraq combat vets who I thought were wasting their benefits there.
>> deemed to have too many students who struggle to pay back their student loans.<<
When you’re a for-profit school that advertises heavily during daytime TV, in between Jerry Springer and Disability Insurance commercials, you get exactly what you subsidize.
Bubba Ray won’t be pulling down $60k a year with a certificate in ‘Criminal Justice’ or ‘Sports Management’.