For-profits triumph as Ed. Dept. won't appeal federal aid ruling
- The U.S. Department of Education won't appeal a federal judge's decision blocking key portions of the controversial "gainful employment" rule, according to a statement released Wednesday by the Association of Private Sector Colleges and Universities (APSCU).
- The department will instead revisit the issue in a second round of rule-making targeting student-aid system fraud to begin this fall, with the first of four hearings scheduled this week.
- The original "gainful employment" rule would have blocked federal student aid from programs where graduates sustained high debt-to-income ratios and low loan-repayment rates--a move that particularly concerned the for-profit colleges represented by APSCU.
From the article:
The Association of Private Sector Colleges and Universities said on Wednesday it had received word that the U.S. Department of Education has elected not to appeal a federal judge’s decision last year that blocked key parts of the agency’s controversial “gainful employment” rule before the regulation took effect. ...
- Chronicle of Higher Education Read More
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