On January 1, 2023, a critical reform to the “90/10 rule” governing for-profit college federal aid eligibility took effect, finally closing a decades-old loophole that had incentivized predatory targeting of military veterans and active-duty service members by for-profit colleges seeking …
U.S. Department of EducationVeterans Education SuccessConsumer Financial Protection Bureau (CFPB)Holly PetraeusFor-Profit College Industry+1 morefor-profit-educationveteransgi-billregulatory-reformpredatory-recruitment+2 more
Secretary of Education Betsy DeVos formally repealed the Obama Administration’s Gainful Employment Rule on July 1, 2019, eliminating the only federal accountability mechanism that measured whether career training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
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