For-profit colleges lose bid to block proposed regulations

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Old 04 April 2011   #1
For-profit colleges lose bid to block proposed regulations

The regulations would tie for-profit colleges' eligibility for federal student aid to graduates' incomes and loan repayment rates. The Education Department, which is developing the rules, said last year that it will release them in early 2011. Education Secretary Arne Duncan should acknowledge "bipartisan will" to defeat the proposed changes, Kline said in the statement.

http://washingtonexaminer.com/news/...istributionEndp
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Old 04 April 2011   #2
Interesting that there's opposition to this as it makes perfect sense, the education provided by the loan needs to be enough to enable you to get a job making enough money to be able to pay back the loan. Pretty logical.

I always wonder about things like this when people take out $80k loans to go to grad school to get a degree in social work so they can make $40k.
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Old 04 April 2011   #3
Finally!

Many of the for profit schools are no better than community colleges in the level of knowledge and skill they give students. And community colleges cost a fraction of what these for-profit schools cost. These colleges hire instructors with only moderate unuderstanding of the tools because they refuse to pay what an instructor would be really worth.

As to why this was allowed to happen, Politics. These schools pay large to national, state and local legislatures in order to create this situations. Good for all those who stood up to ripping off students. Although I notice that this was done after the big Vet re training bill. I wonder if the feds realized that some vets might get ripped off when going to these schools.
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Old 04 April 2011   #4
Quote:
Originally Posted by JeffB
Finally!

Many of the for profit schools are no better than community colleges in the level of knowledge and skill they give students.


I'm not sure if your comment was pejorative vis--vis community colleges, but it ostensibly reads that way. Perhaps you are referring to community colleges in CA, but overgeneralizing tends to confuse.
 
Old 04 April 2011   #5
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