THE HILL: Public interest groups defend college regs
Career College Central Summary:
Public interest groups are defending a controversial rule that would penalize colleges and universities that do not prepare their students to find good-paying jobs after graduation.
The Department of Education issued so-called “gainful employment” regulations last October to ensure colleges do not unfairly bury students in debt to obtain inadequate degrees.
The Education Department would measure the quality of a private school education by monitoring graduation rates, how much money former students earn, and how much debt they leave with.
The schools would be required to prove their students make enough money to afford their student loan payments.
Private schools are challenging the rule in federal court, but 28 public interested groups told the court the rule should be preserved.
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