Gainful Employment Data and Proposal
Late Wednesday the U.S. Department of Education released further revisions to its proposed gainful employment regulations, which would impose standards on vocational programs at for-profit institutions and community colleges. The new proposal dropped a loan repayment rate threshold that was added earlier in the negotiated rulemaking process, which is scheduled to conclude today.
The Education Department also released an analysis of how institutions would fare under the rules. Individual colleges were not named. The data showed that 13 percent of programs would fail under the standards. That number is more than double the amount that would have failed under the 2011 attempt to set gainful employment regulations.