- 193 programs at 93 different for-profit colleges failed to measure up to the U.S Department of Education’s standards, and low performers such as Corinthian Colleges Inc. and Education Management Corp. saw share values suffer.
- Each educational program had to meet one of three requirements mandated by the “gainful employment” rule enacted by the Obama administration in 2011, and failing all three could result in the loss of federal aid.
- Share of companies that met minimum standards, including Apollo Group Inc. and DeVry Inc., saw significant gains.
From the article:
The market showed a mixed reaction to a federal report released Tuesday on career training, which found that 5 percent of programs at for-profit colleges do not meet the U.S Department of Education's new rules designed to make sure students can get jobs and pay off student debt. …