For-profit colleges are happy about an aspect of a new draft of the U.S. Department of Education’s proposed rules that spell out how the institutions must show that their graduates are adequately prepared for jobs.
To be eligible to participate in the federal student-aid program, providers of vocational programs are required to prepare students for “gainful employment in a recognized occupation.” But federal regulations do not define “gainful employment” or how institutions should measure their own performance on that score, and the department has been preparing new rules to spell out how that standard needs to be met.
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