In 2011, 58 Democrats joined with all but four House Republicans to pass an amendment that would have prevented the Department of Education from using federal funding to enforce its “gainful employment rule,” which cuts off federal aid to for-profit colleges whose students can’t repay their education debts. Maybe the GOP’s visceral animosity towards the ivory tower will convince them to abandon their for-profit friends. But given that the for-profits would almost certainly be one of the biggest losers under Obama’s plan — we’re talking about schools that educate about 11 percent of students, but generate almost half of all student loan defaults — it seems unlikely… any grading system that’s developed will inevitably face a court challenge if it’s ever used to determine federal aid eligibility, just like the court decision that ultimately scuttled the gainful employment rule.

Read full article [here].
by Jordan Weissmann, The Atlantic.

Posted: August 22nd, 2013, by: admin. Categories: . Awaiting Comments.