As today (Friday, March 18th) is to be the last scheduled meeting by the Department on Rulemaking, more information is surfacing on plans to increase the triggers for letters of credit by the proprietary sector.
This requirement could be significant!
Read More: Getting Ready for Another Corinthian by Michael Stratford
With the start of a fresh new year, always seems to begin on new challenges in proprietary schools. The US Department of Education has anew man at the helm, John King. Question is whether he has the same lack of vision at Mr. Duncan. Time will tell. But it does seem that many of the media outlets are holding on the same negative ideals as last year.
The Chronicle has published several articles with the same back-handedness as most of their articles. The proprietary sector has taken a hit on lower enrollment lately, but we are still very important to the overall landscape of educating and getting the people employed in this country.
Below are several articles to add to everyone’s database of knowledge and keeping you up to date.
The media loves polls especially ones that demonize the proprietary schools and veterans. But a recent Gallup poll paints a different picture on services that veterans enrolled in some proprietary institutions are receiving. As I have said in the past, yes, there are some bad actors in this industry, but so many more institutions are making it possible for many to obtain a degree/certificate.
Read more here: Score on for For-Profit this Veterans’ Day by Neal McCluskey
Hello Everyone. My apologies for not posting any useful information these last couple of months. Seems time tends to get by me lately. So I’m going to include a collection of information here. These last couple of months, Gainful Employment has taken affect and caused many schools to consider changing from a for-profit to a non-profit status. This is understandable but is not as easy as thought to be. However, with the US DOE changing leadership with the retirement of Arne Duncan, I don’t see much changing during the Obama Administration. The Democrats are convinced the proprietary sector is a predatory sector and that it has nothing but “bad actors” just trying to make a quick buck. While I will concede there are some “bad actors”, most institutions really want to help their students make a better life for themselves. I’m sure if the leadership changes in 2016, we will see a host of new changes. But for now, we must deal to the existing requirements.
If you are a Title IV school, you must begin the process (if you have not already begun) the process of imputing your data into the Department of Ed’s database to meet your GE responsibilities. If you haven’t begun, you should start this right away, as the deadline is coming due very soon. For more information, go to https://www.ifap.ed.gov/GainfulEmploymentInfo/indexV2.html.
Also in the news is the continued attack on the sector. While I do not know if all of it is warranted on ITT, it will have to be monitored for future insight into the issue. If you have missed the news, ITT has faced multiple suits from many different states and regulatory agencies of this past year or so. This week, they got another blow with tightening restrictions. More information, read here: Insider Higher Ed and The Chronicle. The Obama Administration is even taking a shot at the accreditors now: Upping the Pressure on Accreditors.
So as the pressure on the industry increases, schools continue to educate the populace and wade through the sea of regulations and rules. In December 2015, Ted Mitchell will take over the US Department of Education, but do not look for any changes. If anything, the industry will likely see more regulations before President Obama’s Administration leaves office. Read more on Arne Duncan’s departure: What Duncan Wishes He’d Done Differently — and What’s Next for the Education Dept.
Gainful Employment rule from the US DOE has survived the latest attempt to be block from going into effect. The latest lawsuit from APSCU was declined yesterday. Congress is attempting to pass legislation to stop the funding, if nothing happens, on July 1, this will go into effect.
Read More Here:
Is it possible for an inexperienced company like ECMC to come into the proprietary sector and change the perception just because it is the right thing to do? I sincerely hope so.
Zenith Corporation, a subsidiary of ECMC, has purchased many of the Everest College and WyoTech brands from the now defunct CCI. I truly hope the words of this CEO are not just words and that he holds up to his word.
Read the full article: Rebooting Career College by Doug Lederman of Inside Higher Education
Russ Poulin has some great information and a request from the industry to help in getting the proper information to Congress. As experts in the field of education, we should be making our voices heard.
Please sign up with Russ’ blog also.
The Miami Herald is publishing a host of stories on the Proprietary industry in the State of Florida and the state’s regulatory agency. For the most part, these articles paint a not-so-flattering portrait of the industry in the State of Florida.
Miami Herald Articles: Click Here
First, my apologies for having such a long pause in this blog. The industry got overwhelming there for few months.
The proprietary industry has had to manage many hills and mountains for the years, but lately it has been tough for many to keep their heads above the waterline. With enrollments down for many schools (proprietary, publics, privates and non-pro-fits alike), it is nice hear a story on the positive side of the argument.
This article was published this March in The Stanford Daly as a Letter to the Editor on his experience with DeVry University. He highlights just some of the benefits he found through the school and assistance from the staff on his education and job search. I hope to see more letters like this make main stream media.
Everyone is wondering if the US department of Ed can prevent another set of problems like are occurring with Corinthian Colleges, Inc. While all of this is subjective, many in Congress wonder if the US DOE is doing enough monitoring the financial stability of the for-profit sector. There are lots of theories and suggestions, but no real answers these questions.
Read More on the ideas being presented:
Preventing Another Corinthian by Michael Stratford and Paul Fain Inside Higher Ed