Private, Profitable Colleges Are Obama Target of Regulation
The Obama administration has relentlessly pushed a regulation-heavy ideology.
We’ve seen it with the government takeover of healthcare, proposals for a government-controlled energy sector, an attempted overreach into the Internet, and now, most recently, into for-profit colleges, opines Erica Gordon on Citizens Against Government Waste “Swine Line” blog.
President Obama set a goal to achieve the highest proportion of college graduates in the world by 2020. Proprietary schools can help achieve the President’s goals, as they offer a career-focused education and produce graduates at a more cost-effective rate than public and nonprofit colleges and universities.
Nevertheless, the Department of Education has proposed unfair “gainful employment” rules which call for for-profit schools (and just for-profit schools) to prove their graduates are either paying back loans or are capable of doing so. If not, the schools will lose access to federal student aid.