THE HILL: Public interest groups defend college regs
Career College Central Summary:
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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.
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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.
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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.
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The schools would be required to prove their students make enough money to afford their student loan payments.
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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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THE HILL
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