Obama Administration Takes Action to Protect Americans from Predatory, Poor-Performing Career Colleges

New 'gainful employment' proposal targets training programs that saddle students with debt but provide few opportunities for success.
The Obama Administration announced today new steps to address growing concerns about burdensome student loan debt by requiring career colleges to do a better job of preparing students for gainful employment—or risk losing access to taxpayer-funded federal student aid.
The proposed regulations released by the U.S. Department of Education will help to strengthen students' options for higher education by giving all career training programs an opportunity to improve, while stopping the flow of federal funding to the lowest-performing ones that fail to do so. More...