New ‘gainful employment’ proposal sparks criticism

By Ben Wolfgang. The Obama administration is facing a torrent of criticism over its new “gainful employment” rule, a sweeping regulation designed to crack down on for-profit colleges, while protecting taxpayer money from being wasted. The for-profit sector, along with Republicans and some Democrats on Capitol Hill, have slammed the new proposal, arguing it will eliminate higher-education opportunities for many Americans at a time when well-trained workers are needed more than ever. Read more...