September 21, 2019

Gainful Employment being rescinded by Education Secretary!

Education Secretary Betsy DeVos is rescinding an Obama-era rule that was created to protect students from abusive for-profit colleges.  She ruled that all colleges should be held to the same rules.  Clearly makes sense to us, but other dont agree…

The rule, known as Gainful Employment, required for-profit colleges and career certificate programs to post debt-to-earnings ratios, proving that their students could find good-paying jobs upon graduating. If the average ratio did not meet government standards, the school’s federal funding would be revoked.

The Department of Education outlined a number of reasons the regulation was flawed in a notice posted Friday. It said the rule failed to account for factors other than program quality that could affect a graduate’s earnings.

DeVos has also criticized the rule for not requiring all nonprofit colleges to also publish the data. In May, the department released new student loan data at the program level from nonprofit colleges, as well as certificate-granting programs.

Link to CNN article: https://www.msn.com/en-us/news/us/betsy-devos-scraps-obama-era-rule-on-for-profit-colleges/ar-AADzKvw?ocid=spartandhp

 

Discounted access to conference on Private Equity Investing in For-Profit Education Companies Only offered to For-Profit Education Industry Group Members conference date: 7/25/13

 

capital roundtable

We’re pleased to offer admission to ForProfitEDU members at a preferred rate of $400 less than our standard rate.

The Capital Roundtable is presenting an all new full-day conference on Private Equity Investing in For-Profit Education Companies.

Date: Thursday, July 25, 2013
Time: 8:00 am to 5:00 pm
Place: The New York Athletic Club (180 Central Park South, New York, NY)

If you are interested in attending, act fast as these usually get sold out fast. The last conference had record attendance.

For The Discounted rate you MUST Contact:
Mara Kane phone: 212.832.7300 or email mkane@capitalroundtable.com

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