DEPARTMENT OF EDUCATION RELEASES NEW REGULATORY PACKAGE
The Department of Education this week released its new, expansive regulatory package, which covers a multitude of issues. As noted by our colleagues at NAICU, the proposed rules cover, "Gainful Employment (GE), consumer information on the financial value of programs, career services at institutions, financial aid information, teach out plans for colleges at risk of closure, financial responsibility standards, and ability to benefit among other subjects." In announcing the proposed rules, the department stated it has established “the strongest set of safeguards ever to protect students from unaffordable debt or insufficient earnings from career training programs.”