New Gainful Employment Rule Lets Many Schools off the Hook

Washington, D.C.–(ENEWSPF)–June 2, 2011.  Today the Department of Education released the final version of its gainful employment rule, a measure many hoped would require career-education programs—particularly at for-profit colleges—to make sure their students get a high-value education. The rule is a step in the right direction but it leaves much to be desired.

High dropout and student loan default rates in many for-profit college career programs spurred the rule, and it is based on the…