Thursday, October 30, 2014

What the Wonks Are Saying About the Final Gainful-Employment Rule

The Chronicle of Higher Education
October 30th, 2014

The U.S. Department of Education released the full text of its final gainful-employment rule on Thursday morning, and it’s a big one, weighing in at 945 pages. But sheer volume has never been enough to discourage the most devoted of higher-education observers: the diehard policy wonks, who took to Twitter with observations and analysis.
The biggest change, as The Chronicle’s Kelly Field noted, is the elimination of cohort default rates as a measure that career-education programs will be subject to, leaving the debt-to-earnings ratio as the sole metric. It’s a win for community colleges, which had protested the use of default rates. Mark Huelsman, a senior policy analyst at Demos, posed the simple question: Why the change?

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