Is Restructuring Of Schools The Answer To Gainful Employment Rules?
Career College Central summary:
Problems with career colleges are receiving a great deal of attention in education news, and most of the conversation revolves around increasingly modest federal "gainful employment" rules that judge college programs based on their graduates’ debt levels.
The Association of Private Sector Colleges and Universities is aggressively lobbying lawmakers to further weaken the standards to protect continued federal student-aid payments to member institutions of the trade group.
Much of the criticism of for-profit universities can be traced to a simple conflict between priorities in American education and corporate governance in the United States. Corporate boards are primarily beholden to shareholders, who ultimately decide how a corporation behaves, and this almost exclusively results in attempts to maximize short-term profits.
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THE CHRONICLE OF HIGHER EDUCATION