(INSIDE SOURCES) – As concerns about student debt have risen, more parents and potential students have begun asking: Is college still worth it?
A new study finds the answer has more to do with the program students are taking than the institution they attend. And, it reports, an Obama-era education reform targeting career colleges — private, for-profit schools — missed the mark. In fact, for-profit career colleges outperform their state-run and private non-profit counterparts.
The idea behind the Obama administration’s attempt to protect students from excessive debt makes sense: Evaluate how much students have borrowed and how much they earned after graduation. The resulting guideline is known as the “gainful employment rule” — ending financial aid for college programs that left students with excessive student loan debt relative to their earnings after graduating.
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