In another example of this GOP Administration dismantling’s of the federal government as we know it, the Education Department, led by GOP hero Betsey DeVos, is revoking regulations that forced for-profit colleges to prove that they provide gainful employment to the students they enroll. This is the most drastic in a series of moves that she has made to free the for-profit sector from safeguards put in effect during the Obama era.
The so-called gainful employment regulations put into force by the Obama administration cut off federally guaranteed student loans to colleges if their graduates did not earn enough money to pay them off. That sent many for-profit colleges and universities into an economic tailspin because so many of their alumni were failing to find decent jobs. The regulations also required such schools to advertise whether or not they met federal standards for job placement in promotional materials and to prospective students.
Rumors had been circulating that DeVos planned to modify the rules but now it appears she’s going for outright repeal.