Gainful-Employment Rule – What Do We Think
I find it interesting that conservatives who want government to be run like a business reject the idea of evaluating a supplier based on return-on-investment criteria.
I don’t think there is a business in the world that would contract with a third-party supplier with such a parasitic and ineffective business model as some of these for-profit institutions embrace. Nor would I expect any business to be so lenient with failure.
“”We’re focusing on improving (for-profit programs) rather than closing them. Students would be better off if their programs were stronger rather than closed down,” said James Kvaal, a DOE official, during a conference call with reporters.”
Just the opposite of the approach republicans take toward public schools.
When it comes to funneling taxpayer money to private businesses, republicans are clearly selective about running government like a business.
“The controversy over the “gainful employment” rules highlights an important reality — mainly that the federal government is actively creating rules that will prevent many people from obtaining skilled employment or improving their job status.
The whole issue of higher education regulation is a debate worth having. There is widespread opinion that the federal government has once again overstepped its bounds. That’s why I’m looking forward to taking a close look at how we can improve higher education without selectively imposing draconian regulations that hamper innovation and job creation while reducing student choices.”
Rep. Virginia Foxx (R-N.C.) is the chairwoman of the House Committee on Education and the Workforce’s Subcommittee on Higher Education and Workforce Training.
The catch is that for-profit colleges are the only ones deliberately bilking the taxpayers and impoverishing their victims. You have to concentrate regulations on the bad actors in order to minimize unintended consequences.
And the truth is that we cannot afford the economic consequences of predatory for-profit colleges. The high cost of an honest college education already limits the disposable income of college graduates to a degree that weakens the economy. The problem becomes enormously worse when the education is worthless. The Congresswoman merely seeks to complicate and muddy the waters.
- For-profit colleges face tougher funding standards (money.cnn.com)
- Strayer Education gives up some recent gains (marketwatch.com)
- How Easy Is It To Default on Student Loans? (theatlantic.com)
- New Gainful Employment Rule May Take a Year to See Impact (drdianehamilton.wordpress.com)
- Gainful employment (thehill.com)
- New “gainful employment” rules will hurt students by reducing choices and limiting access (thehill.com)
- Big student debt could limit schools’ aid access (seattletimes.nwsource.com)
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