Betsy DeVos scraps Obama-era rule on for-profit colleges

[Yo_Mama_Been_Loggin]

Education Secretary Betsy DeVos is rescinding an Obama-era rule that was created to protect students from abusive for-profit colleges.

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.

Consumer advocates slammed DeVos on Friday for rolling back the student safeguard.

"Again and again, Secretary DeVos proves she only cares about protecting for-profit colleges, no matter how many students they swindle," said Aaron Ament, president of the National Student Legal Defense Network.

https://www.msn.com/en-us/news/us/betsy-devos-scraps-obama-era-rule-on-for-profit-colleges/ar-AADzKvw?li=BBnb7Kz&item=delivery_service_enabled:false&item=personalization_enabled:false

[Eliot Rosewater]

1. grifter, human filth

[mahatmakanejeeves]

2. I guess I can now finish that medical degree I started on at Trump University. NT

[smirkymonkey]

3. How do people like her live with themselves?

Not only that, but she honestly believes she is a "christian". I know this isn't very evolved of me, but I really want horrible things to happen to her and people like her. I want to know that people are punished for the evil they do in this world.

[Jake Stern]

4. I agree with one point

ALL colleges and universities should have to post debt-to-earnings ratios.

One friend graduated from a for profit and landed a good job as a Medical Assistant, working her way up to office manager for a Nephrology practice.

Another friend, who graduated from a state university with a degree in Comparative Lit, currently drives for Uber and does the occasional substitute teaching gig to pay the bills because she can't seem find any jobs with her degree.