October 30 2014
To protect students (click here) at career colleges from becoming burdened by student loan debt they cannot repay, today the U.S. Department of Education is announcing regulations to ensure that these institutions improve their outcomes for students—or risk losing access to federal student aid. These regulations will hold career training programs accountable for putting their students on the path to success, and they complement action across the Administration to protect consumers and prevent and investigate fraud, waste and abuse, particularly at for-profit colleges.
How did the USA get here? How is it there are so many career colleges that have no promise of good paying jobs at the end of that education? How is it students don't know the follies of enrolling and taking loans for such an education? Why isn't this common knowledge to every parent, student and high school?
"Career colleges must be a stepping stone to the middle class. But too many hard-working students find themselves buried in debt with little to show for it. That is simply unacceptable," U.S. Secretary of Education Arne Duncan said. "These regulations are a necessary step to ensure that colleges accepting federal funds protect students, cut costs and improve outcomes. We will continue to take action as needed."...
Career Colleges are not Community Colleges. How did so many Americans go astray of good paying jobs while burdened with such debt?
During the Bush White House there were vast changes made to bankruptcy laws. While that is somewhat of a good idea, BEFORE, any of those changes were made, no one bothered to tell the American people about the trap they were falling into in areas where they are vulnerable such as these Career Colleges.
If the government wants citizens to take serious steps toward a good and sound financial footing, then when will they first take the step to prevent pitfalls such as this?
To protect students (click here) at career colleges from becoming burdened by student loan debt they cannot repay, today the U.S. Department of Education is announcing regulations to ensure that these institutions improve their outcomes for students—or risk losing access to federal student aid. These regulations will hold career training programs accountable for putting their students on the path to success, and they complement action across the Administration to protect consumers and prevent and investigate fraud, waste and abuse, particularly at for-profit colleges.
How did the USA get here? How is it there are so many career colleges that have no promise of good paying jobs at the end of that education? How is it students don't know the follies of enrolling and taking loans for such an education? Why isn't this common knowledge to every parent, student and high school?
"Career colleges must be a stepping stone to the middle class. But too many hard-working students find themselves buried in debt with little to show for it. That is simply unacceptable," U.S. Secretary of Education Arne Duncan said. "These regulations are a necessary step to ensure that colleges accepting federal funds protect students, cut costs and improve outcomes. We will continue to take action as needed."...
Career Colleges are not Community Colleges. How did so many Americans go astray of good paying jobs while burdened with such debt?
During the Bush White House there were vast changes made to bankruptcy laws. While that is somewhat of a good idea, BEFORE, any of those changes were made, no one bothered to tell the American people about the trap they were falling into in areas where they are vulnerable such as these Career Colleges.
If the government wants citizens to take serious steps toward a good and sound financial footing, then when will they first take the step to prevent pitfalls such as this?
