To weaken that rule is shameful to a jaw-dropping degree.
I am shocked that the United States Secretary of Education would do something so anti-student! You’d almost think she cares more about propping up useless and sometimes corrupt businesses with this move. So weird!
In my state, the governor finally succeeded in weakening the public entity that regulates for-profit colleges. Elimination of the entity was part of two of the governor’s budget bills (they start with the governor, then go to the legislature). The legislature removed the relevant language from the first budget bill. It also removed the language from the next budget bill, but the governor used his veto power to accomplish a work-around that gutted the entity. The governor’s actions seemed almost vindictive; the state legislature is controlled by the same political party of which he is a member, but even most legislators thought he went too far by targeting the for-profit-college regulators.
Disgusting!
The rule was never really in effect to begin with. It was an obscure rule put in 2011, and the court threw it out in 2012… As far as it stands, the rule never existed in the first place. There’s literally nothing to get mad over. The fact that they’re “repealing” it means nothing.
It’s like Congress makes hamburgers illegal. The court rejects the law, and no one puts it into effect. Then everyone suddenly gets mad when congress wants to repeal it.
News flash. Stop taking debt for “education” where the job prospects and salary paid don’t support the debt payments.
Court cases in 2015 and 2017 with results (mostly) in favor of the gainful employment rule:
https://www.usnews.com/news/articles/2015/06/24/federal-court-sides-with-education-department-on-gainful-employment-rule
https://www.politico.com/story/2017/06/29/judge-blocks-part-of-gainful-employment-rule-for-some-for-profit-schools-240101
Some of the for-profit schools near where I live closed because of the gainful employment rule. They complained that the government stopped loaning money to students to pay for tuition.
The for-profits sure are advertising on TV a lot…
Caveat emptor. Don’t need a nanny. Better that the federal government get out of loans altogether than regulate what the private sector does.