Back to the Future
Career College Central Summary:
President Obama’s Education Department has announced it will begin crafting new “gainful employment” regulations in September. This will be a second attempt to set standards for measuring how recent graduates of vocational programs, mostly at for-profits, fare in the job market.
In recent months Senate Democrats have held hearings on how to improve the federal government’s return on investment for tuition assistance programs that benefit student veterans and active-duty members of the military.
Currently the Post-9/11 G.I. Bill and U.S. Department of Defense tuition assistance programs are factored into the 10 percent side of the so-called “90/10 rule” (meaning they don't count as federal sources of funds). Some for-profits are close to the 90 percent limit or would struggle to stay under it if the military money was reclassified.
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