Navigating today’s post-recession job market is daunting for many new graduates. Employers expect entry level hires to come with work experience, which often means taking an unpaid internship (or two, or three) for those lucky enough to be able to...
By Kevin Carey “Has the student loan crisis already been solved? This might seem an absurd question. Student loan debt is at a record high of $1.1 trillion, and the average undergraduate who borrows to attend school graduates nearly $30,000...
By Libby Nelson “The Obama administration is trying again to regulate for-profit colleges, the latest battle in a long fight. New rules published Thursday will cut off federal aid to career training programs where the average graduate ends up spending more than 8...
By Tim Devaney “Democrats are urging the Obama administration to “close loopholes” in new rules targeting colleges and universities that do not prepare their students to find jobs after graduation. The so-called “gainful employment” regulations from the Department of Education...
By Allie Bidwell “The Obama administration released new rules intended to hold career colleges accountable for the future well-being of their students on Thursday, but government officials appear to be the only ones truly pleased with the final draft.” Read more...
By Kimberly Hefling “For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government. Schools with career-oriented programs that fail to comply with the new rule announced Thursday by the Obama administration...
By Tim Devaney “The Obama administration is cracking down on for-profit colleges and universities that do not prepare students for their chosen careers, but critics are giving the rules an “F.” The Department of Education on Thursday announced so-called “gainful...
By Caitlin Emma, Maggie Severns, and Stephanie Simon Amid mounting political pressure from industry and both sides of Congress, the Obama administration released a weaker final version of its long-awaited gainful employment rule on Thursday. The rule, in the making...
By Molly Hensley-Clancy “The Obama administration has released a final version of regulations targeting for-profit colleges that is significantly weaker than the initial rules proposed earlier this year, caving to complaints and legal threats from industry lobbyists. The regulations could...
Young Invincibles’ Deputy Director Rory O’Sullivan writes an op-ed for emPower magazine detailing the bad practices of many for-profit colleges: “They run ads suggesting you can become an astronaut with any degree. They encourage you to lie to get more financial aid,...