“Tight Spot” for For-Profits?

On Monday, Kelly Field, The Chronicle of Higher Ed’s chief Washington reporter, and Sara Hebel, The Chronicle’s politics editor, came together to discuss the recently released Gainful Employment rule. The conversation highlighted the implications of the rule, focusing on the institutions and the individuals that would be affected.

According to Hebel, the rule would “reign in high levels of borrowing for some profit-based colleges,” and would put strict limits on student borrowing. Unfortunately, the rule will have serious negative consequences for the students who rely on financial aid the most – minority students, single parents, and working adults. We should focus our efforts – and so should the Department of Education – on constructing opportunities for success, rather than building obstacles to it.

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