Budget Deal Allows Regulations To Move Forward On For-Profit Colleges College Graduates

[iwishiwas]

http://www.huffingtonpost.com/2011/04/09/budget-deal-for-profit-colleges_n_847047.html

Budget Deal Allows Regulations To Move Forward On For-Profit Colleges
College Graduates

First Posted: 04/ 9/11 08:50 PM ET Updated: 04/ 9/11 08:50 PM ET


Much of Friday's last-minute budget gridlock centered on policy disputes over funding for Planned Parenthood and environmental regulations.

But another largely unnoticed provision at play in last week's negotiations involved rules that would regulate billions of dollars of federal student loan and grant money allotted to college programs with a track record of poor student outcomes. A spokesman for Senate Majority Leader Harry Reid (D-Nev.) confirmed on Saturday that the final deal will not include a measure that would have prevented the Obama administration from cracking down on certain schools.

..................

Data released by the Department of Education earlier this year showed that a quarter of all students enrolled at for-profit schools defaulted on federal student loans within three years -- more than double the rate of those who attend non-profit institutions. For-profit college students make up less than 15 percent of enrollment nationwide but comprise nearly half of all student loan default rates.

The Department of Education has not yet released a final version of the gainful employment rules, but is expected to do so within months.

[rpannier]

1. Good K&R nt

[iwishiwas]

2. Its weak (from what I can tell after reading the article) but at least it is there-in

the plan.

[rpannier]

3. I agree

But it is something positive
I'll take it