EDUCATION DIVE: Small for-profit Brookstone to close over gainful employment rule

Career College Central Summary:

  • Brookstone College of Business, which operates in Charlotte and Greensboro, NC, is the latest for-profit to shut down amid tighter regulations on the sector.
  • The Charlotte Observer reports that the college cited gainful employment rules —? which require career-training programs to submit additional data about job placement and graduate student loan default rates —? as being too expensive and distracting.
  • The college abruptly announced the immediate termination of night classes at its two small campuses and said day classes would continue for one more week, according to the article.

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EDUCATION DIVE

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