Friday, September 17, 2010

New Regulations could Hamstring President Obama's Education Goals

Statistics show that for-profit colleges educate 13 percent more women and nearly 50 percent more minorities compared with public colleges. For-profit colleges have also welcomed non-traditional students, such as adults who cannot afford to drop their jobs or commute long distances to attend a community college. Career colleges offer unique flexible course schedules and online classes to meet the needs of adult learners - for instance, 30 percent of students at for-profit colleges are single parents, a much higher percentage than other schools.


A new Department of Education rule known as "Gainful Employment" ..., (uses) arbitrary measures of student loan repayment to deny federal financial aid for some 360,000 students at for-profit career colleges, which cater to underserved communities such as women, people of color, veterans and others. Worse yet, the rule effectively would unfairly single out lower-income students who carry more debt, thereby denying them the education and skills they need to get a better job.


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