Negotiators Offer Proposals Ahead Of 2nd Session On ‘Gainful Employment’ Rule

Career College Central summary:

  • The U.S. Department of Education has posted online a series of proposals submitted by negotiators who are seeking to shape its revised “gainful employment” rule, ahead of a negotiating panel’s second formal gathering, set to take place this month.
  • A federal judge last year struck down the department’s previous version of the controversial rule after the Association of Private Sector Colleges and Universities, the main trade group representing for-profit colleges, challenged the regulation in court. In August the department released draft language for a new version of the rule, which would penalize career-oriented programs whose graduates struggle to repay their student loans, as defined by two benchmarks—a debt-to-income ratio and a debt-to-discretionary-income ratio.
  • The panel of negotiators began working to revise the rule in September, and the group is set to resume those talks on November 18.
  • The documents posted by the Education Department describe proposals in several areas of the gainful-employment talks, including the approval of new programs, program-level cohort default rates, and other topics.

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