What the 'Gainful Employment' Rule Means for Colleges

June 02, 2011

A softened final version of a controversial new "gainful employment" regulation, released Thursday by the Education Department, has both Wall Street and Capitol Hill buzzing. One financial analyst has called the rule "a decisive victory" for the for-profit college sector, while a student advocate described it as "a disappointing stumble on America's path toward regaining the global lead in college attainment."

Chronicle editors and reporters Brad Wolverton, Kelly Field, and Goldie Blumenstyk discuss the impact of the new regulation and what’s likely to happen next with it.

Related Article: For-Profit Colleges Win Major Concessions in Final 'Gainful Employment' Rule