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.
Read more at The Washington Post: https://www.washingtonpost.com/news/grade-point/wp/2016/11/17/when-it-comes-to-career-training-programs-for-profit-schools-dont-measure-up-feds-say/