Posts Tagged ‘Gainful Employment’
April 1st, 2011 at 4:30 pm
Speaker Boehner: Don’t Sacrifice Amendment Defunding “Gainful Employment Rule” in House/Senate Budget Negotiations
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As the House and Senate enter budget negotiations, House Speaker John Boehner and Majority Leader Eric Cantor must not sacrifice the Kline Amendment de-funding the Obama Education Department’s so-called “Gainful Employment Rule” on the altar of false compromise.

The Gainful Employment Rule, which sets arbitrary bureaucratic formulas for federal student loan repayment, is a transparent attempt by the Obama Administration to cripple private career colleges.  And the tale of its creation is a long, sordid one.  First, there were allegations of insider trading between Education Department officials and short-sellers with a financial interest in seeing career colleges’ stock prices fall.  Then, the the Government Accountability Office (GAO) had its sting operation against career colleges exposed as defective, ultimately forcing its retraction.  These allegations are serious enough that separate investigations were commenced in the Senate and House.

Fortunately, a bipartisan group in the House of Representatives voted to de-fund any enforcement of the Gainful Employment Rule in budget bill H.R. 1.  In an era of intense party acrimony, the fact that opposition to the Gainful Employment Rule attracted strong bipartisan agreement speaks volumes.  Now, it’s a matter of Speaker Boehner holding strong on de-funding implementation of the rule, rather than offering it as “trade bait” to Senate Democrats.  Please don’t allow the Kline Amendment de-funding the Gainful Employment Rule to become a casualty of politics as usual, Speaker Boehner.

December 17th, 2010 at 9:07 am
Video: Obama’s Plan to Make College More Expensive
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In this week’s Freedom Minute, CFIF’s Renee Giachino discusses the Department of Education’s war on for-profit colleges and universities, and the negative impacts of its proposed “gainful employment” regulations.