Compliance & Regulatory

Career College Central Summary:

  • When it comes to education, the Obama administration has taken a scorched earth approach to private sector (for-profit) higher education. Despite all common sense, the administration has finalized its "gainful employment" regulations and imperiled the future of thousands of underserved minority students. Under the guise of reducing student debt and curbing alleged abuses by career colleges and universities, these regulations would...

Career College Central Summary:

  • The Education Department culminated a five-year struggle over regulating for-profit colleges last week when it published a final rule stating that career training programs will risk losing federal funding if their graduates have student debt payments that are greater than 8 percent of their annual earnings or 20 percent of their discretionary incomes.
  • The purpose of the rule, which has been in and out of court and tweaked on...

Career College Central Summary:

  • Ted Mitchell, under secretary of education, began his speech to a roomful of higher-education leaders on Monday with a conciliatory tone, stressing that the U.S. Department of Education shared a goal with them of serving the public good.
  • After laying out some details of the department’s major policy proposals, Mr. Mitchell invited the audience to tell him how the federal government was impeding new and more-effective...

Career College Central Summary:

  • The U.S. Department of Education is turning its back on at least 1,000 borrowers in favor of shielding their former colleges from potentially crippling sanctions that would have resulted from high rates of default on federal student loans.
  • The move, announced late Tuesday and further detailed on Wednesday, concerns an Obama administration decision not to punish as many as 20 schools for loan defaults caused by questionable servicing...

Career College Central Summary:

  • College costs have been rising for decades. Slowing — or even better, reversing — that trend would get more people into college and help reduce student debt.
  • The Obama administration is working on an ambitious plan intended to rein in college costs, and it deserves credit for tackling this tough job.
  • Unfortunately, I don’t think it’s going to work, at least not in controlling tuition at public...