The Association for Private Sector Colleges and Universities (formerly the Career College Association) provides the latest in a string of misleading advertisements from for-profit colleges protesting the Department of Education’s planned gainful employment regulations.
This ad highlights a successful graduate of a for-profit college and includes the tag line, “My education. My job. My choice.” But it forgot one more, very important, statement…Your Money.
The Department of Education isn’t forcing these schools to close or saying students can’t choose to attend them. The choice of where to attend college will remain in the hands of students. What the Department of Education is saying with these regulations is that it doesn’t want to invest taxpayer money from Pell Grants and federally subsidized student loans in schools that aren’t producing graduates who can get a job and pay off those student loans. These regulations will also require some colleges to disclose more information to prospective students on the likelihood that they will, upon graduation, actually be able to get a job and repay their loan debt. In other words, the government is proposing to require colleges to provide more information to consumers to allow students to make a better choice on where to get their degree.
Gainful employment is in no way about taking away choice for students. Instead, it’s about helping consumers make better informed choices and its about spending taxpayer money–your money–responsibly.