U.S. Gives Colleges More Time for Appeals Under Gainful-Employment Rule

March 7, 2017
  • Industry News

The U.S. Department of Education on Monday announced that it was giving colleges more time to submit appeals regarding data that is connected to the enforcement of the Obama administration’s hotly contested gainful-employment rule.

Lynn Mahaffie, the acting assistant secretary for postsecondary education, said that the action was being taken "to allow the department to further review the GE regulations and their implementation."

Many people have speculated that President Trump will withdraw the rule, which was a pillar of the Obama administration’s crackdown on for-profit colleges. Monday’s announcement constituted an early signal that President Trump may indeed ease up on the beleaguered for-profit sector. The sector’s supporters have hoped for a reversal of fortunes under the new administration, and stock prices of companies that operate for-profit institutions have risen since Mr. Trump’s election.

Read more at The Chronicle of Higher Education: http://www.chronicle.com/blogs/ticker/u-s-gives-colleges-more-time-for-appeals-under-gainful-employment-rule/117200