WBRC ALABAMA: Education officials: Some for-profit schools don’t make the grade

Career College Central Summary:

  • The United States Department of Education believes some for profit colleges, schools that serve non-traditional students, aren't making the grade. 
  • They've introduced new standards to weed out the underachievers in hopes it helps graduates pay off student loans. But what do the regulations mean for schools and students in North Alabama?
  • The government calls it necessary. For-profit colleges say it's an attack on education. 
  • But come July 1, new rules could change where non-traditional students attend schools. 
  • Under the Gainful Employment rules, programs will have to show that the estimated annual loan payment of a typical graduate does not exceed 20 percent of their discretionary income, or 8 percent of their total earnings. 
  • The U.S. Department of Education says the rules help assure that career colleges turn out graduates who can repay their student loans. If students can't, the schools could lose access to federal student-aid programs.
  • "None of us could have afforded to go there without student loans,” said Andrew Thompson. “It would devastate them."

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WBRC ALABAMA

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