How Bad Is For-Profit Higher Education, Actually?

For about fifteen years, from 1995 to 2010, enrollments grew rapidly in the for-profit higher education sector, but since then have fallen substantially. The reason for the decline is mainly the overt hostility to for-profits during the Obama administration. The Department of Education killed off two of the largest for-profit competitors (Corinthian and ITT), and … Continue reading “How Bad Is For-Profit Higher Education, Actually?”

The "gainful employment" rule won’t make students better off by decimating the for-profit sector

At the end of October, the Department of Education released its much-awaited "gainful employment" rule. It is supposed to fix (or at least lessen) the problem that many students who pursue vocational training with federal student aid money wind up without a job that pays well enough for them to cover their loans.