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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