Secretary of Education Betsy DeVos formally repealed the Obama Administration’s Gainful Employment Rule on July 1, 2019, eliminating the only federal accountability mechanism that measured whether career training programs at for-profit colleges and non-degree programs at all institutions …
Betsy DeVosU.S. Department of EducationRobert EitelJulian Schmoke Jr.For-Profit College Industry+1 morefor-profit-educationderegulationregulatory-capturerevolving-doorstudent-debt+2 more
Corinthian Colleges, one of the nation’s largest for-profit college chains with over 100 campuses, filed for bankruptcy after federal and state regulators exposed systematic fraud against students. The company aggressively recruited low-income students with false promises of high job placement …
Corinthian CollegesU.S. Department of EducationConsumer Financial Protection Bureau (CFPB)Association of Private Sector Colleges and Universities (APSCU)predatory-lendingeducationstudent-debtcorporate-fraudregulatory-capture+1 more
The U.S. Department of Education under Secretary Arne Duncan published the final “Gainful Employment Rule” on June 13, 2011, establishing that career training programs at for-profit colleges and non-degree programs at all institutions must demonstrate that graduates earn sufficient …
U.S. Department of EducationBarack ObamaArne DuncanAssociation of Private Sector Colleges and Universities (APSCU)For-Profit College Industryfor-profit-educationregulationstudent-debthigher-educationinstitutional-capture+2 more