A recent article in the New York Times reflected the ongoing frustration of graduates who are unable to pay off their student loans because of insufficient incomes after graduation.
The original draft of the gainful employment rules has made some delays as far as deciding on some regulations.
New York Times writes, “Consumer advocates and many education groups say that the rules will protect students and taxpayers alike from expensive programs that eat up billions of dollars of federal money, and leave graduates struggling in dead-end jobs.”
This means that the new regulations will protect students of non-profit institutions who are accepted into programs, and sometimes wheedled despite G.P.A., yet have no chance at paying back federal aid. Therefore the rule would only support students who are highly eligible while also requiring for-profit colleges to distribute each program’s “job-placement rates and graduation rates.”
