ACE Comments on Administration's Proposed Gainful Employment Rules - American Council on Education

​ACE was among the many organizations weighing in this week on the Department of Education’s (ED) proposed rules on gainful employment, the latest move in the Obama administration’s effort to ensure that individuals who enroll in career training programs will earn enough money to repay their student loans. ACE’s comments, submitted on behalf of 17 higher education groups, express strong support for the goals of the gainful employment rules, however, the groups believe the proposed rules fall short of these goals, and moreover will impose a cost burden that will be felt most strongly at institutions with the fewest financial resources, especially community colleges. “While we strongly share the department’s goal of protecting students and better serving taxpayers, the regulations need substantial revision along the lines we have proposed in order to meet those aims,” the groups write. “It will not benefit students, policymakers, or institutions to produce confusing and misleading data at great cost to all institutions with gainful employment programs while not adequately addressing the real problem of underperforming programs that represent a real risk to students.” http://www.acenet.edu/news-room/Pages/ACE-Comments-on-Administrations-Proposed-Gainful-Employment-Rules.aspx