The Government Crackdown on Career Colleges
by Chris - Unemployment-tips.com
Beginning July 1, 2011 the US Department of Education will be cracking down on Career Colleges and other learning institutions.
I haven't trolled through the entire text of the new Gainful Employment Regulations
yet, but I will get to it in my spare time and see if I can't highlight what I think is the most important parts.
But, if you're unemployed right now and thinking about going to school .. you really shouldn't feel like you have an option .. not if you will be financing your college with a loan.
Read it before choosing the right school, the right training program, or certification classes you'd like to attend, before you sign your name to any promise to repay a loan for school.
Apparently, the new regulations address some of these career colleges that were receiving federal aid that went out to students as a loan and let us not forget the Pell Grant.
It also seems many of you were not getting what you paid for .. an education and one that would lead to a job.
If you were promised a job or led down a yellow brick road and told the reward of a job was waiting at the Emerald City.. but it wasn't .. or if you didn't learn anything, then the new regs are supposed to fix that.
These schools will now also have to be truthful in all the required disclosures as well. So I assume there was some intentional misleading going on .. when advertising.
Seems the federal government doesn't think potential unemployed students were being fully informed so they made some bad choices and the end result was that there wasn't gainful employment after they finished school.
Of course this would make student aid loans more difficult for unemployed graduates to repay.
I suspect this is at the heart of this .. If you spend money .. make sure it does what it is intended to do.
Help people find gainful employment.Gainful Employment Regulations Protecting Us From Ineffective Career College Programs. If anyone out there would like to help me disseminate the changes even, bit by bit .. that would be lovely.