Feds increase accountability for low-performing for-profits

By Laura Devaney
July 6th, 2015

New regulations for for-profit institutions take effect.

for-profitOver the past six years, the Obama Administration has taken action to tackle one of the biggest problems in higher education: abusive practices in the career college industry.

On July 1, the Administration’s signature effort to protect students and taxpayers – the gainful employment regulations – go into effect, strengthening oversight that will end the flow of federal student aid to career training programs that leave students buried in debt with few opportunities to repay it.

In addition, as part of the Department’s work to call for shared responsibility in holding colleges accountable, states now must meet minimum requirements in approving institutions that operate in their state and make sure students have a system through which they can file complaints.

(Next page: What gainful employment regulations will do)

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