In a potentially positive move late last week, the Department of Education has delayed final voting and publishing of their proposed for profit college rule from November 1 to early 2011. The delay is to review the huge influx of 90,000 letters and comments from for-profit colleges, students and those in opposition of the new proposed law.
Arne Duncan, Secretary of the Department of Education, said in an interview on September 23rd that he is going to host several meetings and hearings to further discuss the proposed rules and the letters that came in. However, if the proposed rules end up being enforced, they will still take effect in July 2012.
The fact that the Education Department is open to listening to feedback and engage in discussion with for-profit colleges is promising for the schools themselves.
When the department opened themselves up to feedback, one of the higher publicity letters came from Kaplan CEO Andrew S. Rosen, who is considering further innovation in the industry with possible “money back guarantees” offered to students.
Innovating new ways to raise the quality of education for students at for-profit colleges will be at the core to resolving this issue.
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What do you guys think of the new proposed rules? Good or bad for our education system? Leave a comment below.
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I don’t know how the DofEdu is getting all the data to calculate the graduate percentages & all that! As mentioned in the article, quality of education is the key to the success of this nation. Any other means taken by either the fed or Dept of Edu is useless. Why don’t they study other parts of the world & try to come up with a plan that makes sense in the long run? The goal here should be preparing the next generation of American to reach new levels of quality in education!
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