The U.S. Department of Education just announced its plan to eliminate the gainful employment rule, which protects hundreds of thousands of students from being swamped by loans they cannot afford, and Secretary DeVos needs to hear from YOU!
The Department is seeking comments NOW from the public on its proposal to repeal the regulation, and it takes less than a minute to make your voice heard. Tell Secretary DeVos that a strong gainful employment rule is needed to protect students and taxpayers from programs that consistently leave their leave their graduates with unaffordable student debts.
A single round of the Department’s own data showed that more than 350,000 students graduated from the worst-performing programs with nearly $7.5 billion in unaffordable debt. Hundreds of these programs are still enrolling new students today. The gainful employment rule is needed to prevent programs like these from bilking students and taxpayers, but it is opposed by for-profit colleges and investors with deep pockets who want to have access to billions of taxpayer dollars without any accountability. The gainful employment rule works -- it has compelled colleges to improve the value of or shut down the lowest-performing programs -- but is now at risk of being eliminated completely.
ACT NOW to urge the Department to reconsider this ill-conceived plan and immediately implement the current gainful employment regulation.