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.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.