For-Profit Colleges Under Pressure From Proposed ‘Gainful Employment’ Rules
MAY 30, 2014
Department of Education proposal that would tie federal financial aid eligibility of for-profit colleges to the results the schools deliver drew a wide array of reactions ahead of its comments deadline this week. But the agency’s proposed method of doing so—a “gainful employment” rule that ties the schools’ financial aid eligibility to the success of its students—is controversial and drew an array of reactions. A U.S.