For-profit colleges are beginning to disclose how the so-called “gainful employment” rule is affecting their business. The two-year-old federal rule is aimed at career training programs whose graduates don’t earn enough to pay off their student loans. One of the largest for-profit colleges, the University of Phoenix, says programs that account for 16 percent of its students failed the new standards.
Click the above audio player to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
Flaunt your Liquid Assets.
Donate $60 to get our new mug as a