“As these tough economic times continue, Americans are looking to proprietary colleges and vocational programs for the education and skills necessary to gain a competitive edge in a tight job market. The red tape and bureaucracy associated with the so-called ‘gainful employment’ regulation would have severely limited students’ academic options and made it impossible for Read more →
In my short radio report yesterday, I mentioned that the only Minnesota programs that did not meet the federal Gainful Employment test — meaning they failed to meet all three benchmarks — were three from Brown College in Mendota Heights. That’s what the data showed, and just to make sure, I ran that by the Read more →
On Wednesday I laid out what a gainful-employment report looks like. But just how informative is it? I talked to Debbie Frankle Cochrane of the Institute for College Access and Success, who has done a lot of work on community colleges and financial aid. I showed her a sample report from Globe University and asked Read more →
Today colleague Tim Post writes about for-profit colleges’ legal fight against the new federal gainful-employment rule. But what is the rule actually doing at the moment? I thought I’d take a stab at showing you what it has produced so far.
I’ve just spoken with Thomas Kosel, director of government relations for Globe University / Minnesota School of Business, to get his reaction to the gainful-employment rules. He said he hasn’t had a chance to talk to the members of the Minnesota Career College Association about the rules, so is not speaking for them. But here’s Read more →
Thought I’d give you an afternoon update on the gainful employment story. Looks like Wall Street is loving those gainful employment rules, which ended up being much less stringent than it thought. Stocks have surged in response. This from Bloomberg: By John Lauerman and John Hechinger For-profit colleges surged the most in six years in Read more →
Just got this e-mailed reaction from Capella University — a Minneapolis for-profit institution focusing on graduate education — regarding today’s release of the gainful employment rules for for-profit schools: “While we are still in the process of carefully reviewing the new gainful employment regulations to assess the impact they will have on our programs and Read more →
This just came in from the U.S. House Education and Workforce Committee, which is chaired by our own Republican Rep. John Kline. (You may remember, he couldn’t manage to block the rules after some hard lobbying and campaign contributions.) In this e-mailed statement, he expresses “serious concerns” with the Department of Education’s final gainful employment Read more →
I’m used to following education debates in the news media, but until know I haven’t been privy to back channels. This week, though, I’ve been watching a minor PR offensive (and counter-offensive) being waged via e-mail to reporters, commentators and others involved in the coverage of the proposed federal gainful employment rules. (Those regulations were Read more →
Alex Friedrich