tangent4ronpaul
04-10-2011, 08:06 AM
http://www.huffingtonpost.com/2011/04/09/budget-deal-for-profit-colleges_n_847047.html
Much of Friday's last-minute budget gridlock centered on policy disputes over funding for Planned Parenthood and environmental regulations.
But another largely unnoticed provision at play in last week's negotiations involved rules that would regulate billions of dollars of federal student loan and grant money allotted to college programs with a track record of poor student outcomes. A spokesman for Senate Majority Leader Harry Reid (D-Nev.) confirmed on Saturday that the final deal will not include a measure that would have prevented the Obama administration from cracking down on certain schools.
Last week, a bipartisan group of House members pushed for a rider in the spending bill that would block the Department of Education from implementing rules that would punish certain for-profit college and community college programs for saddling students with debts they cannot repay.
Designed as a consumer protection measure, the Department of Education's proposed "gainful employment" rules would limit federal student aid for programs with a track record of leaving students with high debt burdens. The for-profit college industry, which relies on such funds for the vast majority of its revenues, has viciously fought the regulations over the past year.
(but state colleges with majors in philosophy and waitressing - er, I mean acting, are just dandy!)
Much of Friday's last-minute budget gridlock centered on policy disputes over funding for Planned Parenthood and environmental regulations.
But another largely unnoticed provision at play in last week's negotiations involved rules that would regulate billions of dollars of federal student loan and grant money allotted to college programs with a track record of poor student outcomes. A spokesman for Senate Majority Leader Harry Reid (D-Nev.) confirmed on Saturday that the final deal will not include a measure that would have prevented the Obama administration from cracking down on certain schools.
Last week, a bipartisan group of House members pushed for a rider in the spending bill that would block the Department of Education from implementing rules that would punish certain for-profit college and community college programs for saddling students with debts they cannot repay.
Designed as a consumer protection measure, the Department of Education's proposed "gainful employment" rules would limit federal student aid for programs with a track record of leaving students with high debt burdens. The for-profit college industry, which relies on such funds for the vast majority of its revenues, has viciously fought the regulations over the past year.
(but state colleges with majors in philosophy and waitressing - er, I mean acting, are just dandy!)