Overburdened With Debt
Hundreds of career-training programs risk losing access to federal student aid funds without improved standing under rule designed to hold institutions accountable for graduates' ability to pay off debt.
January 10, 2017
Nearly a tenth of vocational programs assessed by the Department of Education failed to meet new criteria measuring whether graduates are able to repay their federal student loans -- 98 percent of them at for-profit institutions. That puts them at risk of losing access to federal student aid funding -- a potential death knell for programs.
The department designed the gainful employment rule to hold vocational programs accountable for how much student loan debt graduates took out relative to their discretionary income -- the first time institutions have been held accountable based on that metric. But for-profit-college groups and some Republican lawmakers have criticized the rule for targeting the sector and excluding nonvocational programs. GOP congressional leaders have said the rule is among a number of Obama administration regulations they plan to roll back after winning control of the White House and Congress in November.https://www.insidehighered.com/news?utm_source=ihe&utm_medium=editorial-site&utm_content=header-link
« Last Edit: January 11, 2017, 09:13:11 AM by rangerrebew »
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Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams