Today, HULIQ featured a blog post written by me as one of their top stories. My post argued that private sector schools have thrived for years because their business model depends on student satisfaction. These schools are providing students with an optimal educational experience, or students would be voting with their feet and choosing to enroll in other institutions.
Here is a short excerpt from the post:
The Department of Education’s “gainful employment” rule for federal student loans, however, has the potential to jeopardize the success of the reputable players as it punishes those who have not delivered. While the student debt issue is one that this nation clearly needs to address, the Department of Education is looking to impose sweeping reforms without fully assessing the impact. In order to counteract the bad actions of a few schools, the “gainful employment” rule intends to impose sanctions on all schools in the for-profit sector – leaving students to feel the impact. If “gainful employment” is implemented, some students who rely on Title IV financial aid as a means to fund their higher education will no longer be able to attend their school of choice. Improvements are necessary in higher education, but let’s address them in a way that improves higher education with more information that informs students’ decisions.
To read the post in full, click here.