New, Stronger Gainful Employment Regs Released

About 5 percent of programs required to prepare their graduates for gainful employment would fail the Biden administration’s new rule, Education Department data released Wednesday evening show. The affected programs, many of which are at for-profit institutions, risk losing federal financial aid. The Biden administration released its long-awaited gainful-employment rule Wednesday evening as part of a 1,000-page package of regulations that also includes rules on financial responsibility, administrative capability, certified procedures and ability to benefit.