Gainful Employment Regulation Update

On September 24, the U.S. Department of Education announced that it would issue final regulations on gainful employment in early 2011, rather than by November 1, 2010. The Department made clear that this timing change will not delay the planned implementation of the regulations in 2012. This new timeline for issuing final regulations gives the Department more time to consider the comments it received on the draft regulations and to host meetings and public hearings in the coming weeks. TICAS has urged the Administration to put additional provisions in place next year to warn students away from the career education programs most likely to leave students with debts they can’t repay.  The final regulations on 13 other issues, including incentive compensation, are still expected to be issued by November 1 and go into effect next July.

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