When It Comes To Career-training Programs, For-Profit Schools Don’t Measure Up, Feds Say
Graduates of career-training programs at public colleges earn nearly $9,000 more than those who attended comparable programs at for-profit institutions, according to a report released Thursday by the Education Department. The findings are part of a larger effort to hold vocational programs accountable for student outcomes under “gainful employment,” a controversial regulation that threatens to withhold federal financial aid from institutions whose graduates fail to land jobs earning enough to repay their education loans. Gathering the data is a critical step in calculating debt-to-earnings rates that determine whether a program is leaving students with unaffordable loans and poor employment prospects. The future of this effort, however, is unclear as the Obama administration comes to an end.