by Kerri Toloczko • Investor’s Business Daily
In a fit of political pique and campaign considerations, President Obama’s Department of Education is proposing higher education regulations that would deny access to degree programs to nontraditional, low-income and minority students attending for-profit colleges and universities during a time of job scarcity.
The administration has been swinging a sword at this sector since Obama took office, striking through “Gainful Employment” regulations restricting federal student loans based on arbitrary post-graduation employment rates only at private-sector institutions. In 2010, the department proposed similar severe funding restrictions for students attending career colleges and technical schools such as Strayer University, ITT Tech, Kaplan College and University of Phoenix. [Read more...]