Current Events in Gainful Employment

In recent weeks, there has been a lot of attention paid to gainful Employment by the Administration and Congress. However, the Department of Education recently released a Notice of Proposed Rulemaking on June 16 – with gainful employment noticeably missing.

Last week, Congress took action to explore issues in higher education through a series of hearings. The Senate Health, Education, Labor and Pensions Committee, Chaired by Senator Tom Harkin (D-IA), held a hearing to investigate federal investment in for-profit institutions last Thursday. During the hearing, the Committee heard testimony from a variety of sources, including:

  • Kathleen Tighe, Inspector General, Office of the Inspector General, U.S. Department of Education
  • Yasmine Issa, former Sanford Brown Institute student
  • Margaret Reiter, former Supervising Deputy Attorney General, Office of the Attorney General, California Department of Justice
  • Sharon Thomas Parrott, Senior Vice President, Government and Regulatory Affairs and Chief Compliance Officer, DeVry, Inc.
  • Steven Eisman, Portfolio Manager, FrontPoint Financial Services Fund, LP

See Senator Harkin’s statement on the hearing here.

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