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The official ruling on gainful employment was released by the Department of Education today (the official press release can be read here).
I agree with some sentiments I've already heard expressed, i.e. that it lacks teeth and bite, but perhaps it's a step in the right direction. I'm on the fence about it, and admittedly haven't fully reviewed the regulations and specifics of the issuance. I've been working on content related to the scumbags otherwise known as Nelnet as well as a pivotal court case against them that was settled several months ago. (Thanks be to God for Jon Oberg).
Higher Education Watch (HEW) has done an excellent job of providing links from the press, the for-profit industry, consumer advocacy groups, and a few congressional offices.
HEW is providing updates on on this breaking news, so interested parties can check the link above for additional information.
BREAKING: Department of Education Releases Gainful Employment Ruling
Info Post
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