The Center for Responsible Lending (CRL) files this comment in response to the above referenced U.S. Department of Education’s Notice of Proposed Rulemaking (NPRM) which rescinds the 2014 gainful employment (GE) regulations. CRL is deeply troubled by the Department’s decision to do away with these important accountability requirements that protect both the welfare of career training students and the taxpayer resources that support them. The Department has a strong role to play in ensuring that career training programs meet the expectations of enrolled students, who are seeking a better financial future. Further, the Department should be a strong steward of taxpayer funds and ensure they go to programs that succeed at their educational goals. This is especially important for students that attend for-profit institutions, who typically borrow heavily from the federal government and are often subject to a variety of well-known predatory behaviors by these colleges. Continue reading the comment.
September 13, 2018