Saturday, September 25, 2010

Minority Leaders Oppose “Gainful Employment” Rules for For-profit Colleges

Minority Leaders Oppose “Gainful Employment” Rules for For-profit Colleges: Some African-American and Hispanic leaders have taken a stand against proposed federal rules designed to curb student-loan defaults at for-profit colleges, arguing the strictures would reduce the educational options of minority students, who represent a large part of the enrollment at the schools.

Rev. Jesse Jackson of the Rainbow PUSH Coalition and some members of the Congressional Black and Hispanic caucuses have sent letters to the U.S. Department of Education opposing draft regulations that would cut off access to federal student aid to for-profit schools that appear to have prepared too few of their graduates for “gainful employment.”

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