Department Of Education’s Proposed Rules Are The Last Thing The Economy Needs

Career College Central Summary:

  • The Department of Education’s rule would judge whether an institution can qualify for federal aid by mandating an average rate of repayment of student loans as measured against graduates’ income.
  • Rather than applying to all higher learning, however, the regulation would apply primarily to private sector institutions.
  • Non-degree, vocational programs at community colleges and other public institutions would be excluded, but not career-oriented degree programs at for-profit colleges.
  • The short-sightedness of such a metric is obvious; this arbitrary ratio may reflect bureaucrats’ prejudices, but not the quality and value of the education offered at schools.
  • This will force private, career-focused institutions to evaluate potential students on their ability to pay back their loans, not on their needs or ability to succeed in their coursework.
  • Thus, the rule unfairly targets populations who require assistance the most, further pushing higher education out of reach for underserved communities.
  • Similarly, it isolates students from proactive solutions to rising student debt, focusing instead on punishing institutions based on measures over which they have little control.
  • Regulators serious about addressing students’ financial liabilities should be working with schools to inform and empower future graduates, rather than limiting options for learners.

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