Department of Education regulations: Gainful employment pros and cons

In February 2011, the House of Representatives approved an amendment that would stop Department of Education regulations known as “gainful employment.” These regulations attempt to clarify the definition of “gainful employment,” a concept first outlined in the Higher Education Act of 1965. In a paper by Mark Kantrowitz entitled “Student Aid Policy Analysis – What Is Gainful Employment?,” he writes,  “The Higher Education Act of 1965 requires for-profit colleges to provide ‘an eligible program of training to prepare students for gainful employment in a recognized occupation’ but does not currently define gainful employment.” Thus, the need for clarification! Read more