- The Department of Education's "gainful employment" standards, which were put into place last year to evaluate loan repayment rates and post-graduation debt loads, have resulted in a new report that looks at for-profit institutions.
- 5% of the vocational and certificate programs evaluated did not meet the government's minimum standards.
- Failure to meet standards could result in a program's students being unable to receive federal financial aid as soon as 2015.
From the article:
Five percent of vocational programs fail to meet minimum Education Department standards for student success after graduation, putting them at risk of losing federal financial aid dollars if they do not improve, according to data released to the public today. ...