In the News: "What the ‘Gainful Employment’ Rule Means for Colleges"
“The Chronicle editors and reporters describe the impact of the Education Department’s controversial new regulation—and what’s likely to happen next with it.”
A softened final version of a controversial new “gainful employment” regulation, released Thursday by the Education Department, has both Wall Street and Capitol Hill buzzing. One financial analyst has called the rule “a decisive victory” for the for-profit college sector, while a student advocate described it as “a disappointing stumble on America’s path toward regaining the global lead in college attainment.”
Chronicle editors and reporters Brad Wolverton, Kelly Field, and Goldie Blumenstyk discuss the impact of the new regulation and what’s likely to happen next with it.