Copyright Notice: If you are not reading this at All Education Matters, and unless I've explicitly given an individual or entity permission to publish my work, this post has been illegally appropriated. Please read original content here.
The Department of Education has formally sent out a letter about gainful employment to institutions preparing students for specified fields of work.
This is GE1 only -- related to the final reg which was published in October 2010 and becomes effective 7/1/2011.
The final reg for GE3 -- related to the proposed reg published in late July containing the repayment rate calculation and debt-income ratio calculation by program used for determining whether a GE program can maintain future eligibility -- has not been published yet, never mind any letter guidance on it.
Am I reading that right? Professional degree graduate level programs are exempted from the new rules? So this doesn't apply to law schools? Lawyer-hopefuls can still sign up for six-figure federal loans, at taxpayer expense, without the school being required to provide ANY information on the likelihood of those loans being repaid?
Did I miss something?
Post a Comment