Education Dive. Regulatory pressure, sliding enrollment and demand for education online continue to characterize the market in which for-profit colleges operate. And their latest financial quarter offers more insight into how they are doing so. For instance, with banks wary of loaning to for-profit colleges, National American University Holdings (NAUH) […]
Inside Higher Ed By Andrew Kreighbaum Education Secretary Betsy DeVos on Friday issued the final repeal of regulations crafted by the Obama administration to hold low-quality career education programs accountable. The rule, known as gainful employment, was heavily criticized by the for-profit college sector and Republicans in Congress. In the first gainful-employment […]
IFAP.ED.GOV Posted Date: June 28, 2019 Author: Office of Postsecondary Education Subject: Gainful Employment Electronic Announcement #122 – Early Implementation of the Rescission of the Gainful Employment Rule On July 1, 2019, the Department of Education will publish a final rule rescinding the Department’s gainful employment (GE) regulations (2014 Rule) […]
Forbes Last Friday, U.S. Secretary of Education Betsy DeVos announced she was killing off gainful employment rules governing for-profit colleges. These Obama Administration era regulations deny federal student financial aid to individuals attending institutions considered not having enough attendees “gainfully employed” after attending school. On the face of it, this […]
Mercury News By Danielle Douglas-Gabriel | The Washington Post A federal appeals court ruling Thursday could stymie the Education Department’s efforts to shield from state regulation companies that manage the department’s $1.5 trillion portfolio of student loans. The 24-page opinion from the U.S. Court of Appeals for the 7th Circuit […]
Mercury News Three San Bernardino County women were arrested Thursday, June 27, and accused of stealing more than $1 million in federal student financial aid through Fullerton College in a scheme in which authorities say they enrolled hundreds of mostly non-existent students, successfully applied for grants and loans and then […]
James G. Martin Center By Michael Debow The federal government currently holds around $1.5 trillion in outstanding student loans—up from “only” $500 million in 2007. Undoubtedly, the federal government—and taxpayers—have an enormous stake in higher education and bureaucrats in the Department of Education see their role as protecting the system […]
Houma Today By Kenneth Mejia / Guest Columnist Posted Jun 27, 2019 at 7:18 AM After nine years of service in the Louisiana Army National Guard – the first six in the infantry and the last three as a medic – I found myself working as a salesman for a security company not able to […]
Education Dive. The University of Utah wanted to raise graduation rates but was coming up short. The usual tactics — such as better analytics and academic advising — weren’t cutting it. That’s because the problem wasn’t students’ academic abilities. It was money. Talking with students, university officials found many took longer […]
Powers Law Gainful Employment Rule Rescission – ED’s Instructions for Immediate Implementation JULY 1, 2019 On Monday, July 1, 2019, the U.S. Department of Education (“ED”) formally published a final rule rescinding the Obama-era regulations known as the Gainful Employment rule. Institutions have the option to implement these changes immediately—including cessation of […]