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ITT

For-Profit Colleges Under Fire

Earlier this year, President Obama and his administration made waves when they announced new steps to address concerns about student loan debt. They announced new regulations that would require career colleges to do a better job of preparing students for gainful employment. If the schools do not meet the new regulations, they could lose access to federal student aid.

books and money

In a release about the new regulations, U.S. Education Secretary Arne Duncan said, “Higher education should open up doors of opportunity, but students in these low-performing programs often end up worse off than before they enrolled: saddled by debt and with few – if any – options for a career.”

“The proposed regulations address growing concerns about unaffordable levels of loan debt for students enrolled in these programs by targeting the lowest-performing programs, while shining a light on best practices and giving all programs an opportunity to improve.”

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