tag:blogger.com,1999:blog-34539443212934905292024-10-24T14:26:31.395-04:00News & Policy Analysis of the Career College / For-profit Education IndustryDaniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.comBlogger103125tag:blogger.com,1999:blog-3453944321293490529.post-60498335300470623122010-06-15T18:06:00.000-04:002010-06-15T18:06:41.760-04:00

A recent press release from the Department of Education revealed that 13 of the 14 proposed rule changes have been drafted. The one outstanding rule relates to gainful employment: Disclosures regarding Gainful Employment: The Department is proposing that proprietary institutions of higher education and postsecondary vocational institutions provide prospective students with each eligible program’s

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-41363670063215329712010-06-15T10:07:00.000-04:002010-06-15T10:07:18.598-04:00

Here's my latest post on the CCAP blog: The Obama Administration likes to blame former President Bush for the growing national deficit, although the new administration has certainly not shown any restraint in combating this problem. Well, I've got some blame to place on former presidents myself - rapid tuition inflation over the past several decades can and should be attributed to former

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-90447940865216170892010-06-12T00:00:00.001-04:002010-06-12T00:00:02.315-04:00

Here's my latest post on the CCAP blog: Ben Miller is a fan of the gainful employment proposal from the Department of Education that would impose a debt-to-income limit on vocational programs using actual debt of program participants and occupational wage data from the BLS (specifically, the bottom 25% of earners). While I agree with Miller's assessment that asking for actual programmatic

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-51299756594721390012010-06-11T11:30:00.002-04:002010-06-11T11:30:01.567-04:00

According to Inside Higher Ed: The House of Representatives education committee said Thursday that it would hold a hearing next week to examine how regional accrediting agencies define the "credit hour" as they judge the academic quality and rigor of the institutions they accredit. The issue was raised in audits of three accrediting agencies that the Education Department's Office of Inspector

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-55521563869794219872010-06-11T10:10:00.002-04:002010-06-11T10:10:45.533-04:00

Senator Tom Harkin (D-IA), Chairman of the Health, Education, Labor and Pensions (HELP) Committee, recently announced plans to hold a series of hearings to examine federal education spending at for-profit higher education institutions. The hearings will begin June 24th.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-31981527178984278162010-06-10T10:05:00.000-04:002010-06-10T10:05:14.048-04:00

It will now be called the Association of Private Sector Colleges and Universities (APSCU). From its press release: CCA will complete the process of changing its name to better represent students, institutions and the sector overall. Harris Miller stated: “In voting the change, the Board recognizes the evolution of career oriented education from its primarily trade school roots to a

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-67079777471612039562010-06-09T11:06:00.000-04:002010-06-09T11:06:41.476-04:00

Education entrepreneur Michael Clifford offered a rebuttal to the recent criticisms of short seller Steve Eisman, in an article for Earth Times. Eisman is one of the legendary Wall Streeters, who has a strong proclivity for making ‘easy money.’ He doesn’t create jobs or help people live better lives. Instead, he makes money for himself and investors in his $1.1 billion long/short equity fund by

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-48328358877334426192010-06-08T09:43:00.000-04:002010-06-08T09:43:12.247-04:00

Inside Higher Ed has a great story on the increasing use of e-textbooks at for-profit institutions. The Chronicle of Higher Education's Kelly Field and Sara Hebel discuss the latest gossip on the much anticipated rules on gainful employment in a short audio clip. Steve Eisman dishes out some hate for the for-profit sector in an article for the NY Post.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-87303168215427808822010-06-07T10:53:00.000-04:002010-06-07T10:53:57.111-04:00

The NY Times has an article this morning discussing gainful employment. There is nothing new or groundbreaking in the article if you have been following the issue.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-53705744589235513262010-06-03T16:00:00.000-04:002010-06-03T16:00:28.313-04:00

If the for-profit sector thought that it caught a break with the announced departure of Bob Shireman, they might be second guessing right about now. Shireman's replacement -James Kvaal -was announced today. Kvall joins the Department of Education as a former colleague of Shireman at the Institute for College Access and Success, as well as employment at the liberal Center for American Progress,

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-61435720368817216702010-06-03T07:00:00.001-04:002010-06-03T07:00:02.985-04:00

I have a short piece on the Minding the Campus forum following up on my recent article discussing the negative implications of gainful employment for Career College Central.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-33675713783271271792010-06-02T13:09:00.000-04:002010-06-02T13:09:47.413-04:00

Check out my latest article for Career College Central magazine, "Death By Gainful Unemployment: The Department of Education raises the blade on the guillotine of ambiguity.” In the article, I discuss the negative implications of the Department of Education’s proposal to define its gainful employment rule in terms of an 8 percent debt-to-income ratio. In addition, I calculate the maximum

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-14509800033910714362010-06-01T09:06:00.000-04:002010-06-01T09:06:28.322-04:00

The Chronicle of Higher Education has the story.Jeffrey J. Conlon, chief executive of Kaplan Higher Education, says the United States will need to produce 63 million degrees to match leading nations in the percentage of adults with college degrees by 2025. At the current pace, the United States will fall short of that threshold by 16 million, according to data from the National Center for

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-43912351529630166102010-05-28T07:30:00.000-04:002010-05-28T07:30:01.394-04:00

Chad Adelman discusses trends in enrollment and completion growth in the for-profit industry: While for-profits enroll only about 7 percent of all undergraduate students, their growth rate far outpaces public and private, not-for-profit institutions. Public college and university enrollment increased 19 percent from 2000 to 2008. Private, not-for-profit enrollment rose 15 percent over the same

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-1550371530153849932010-05-27T11:47:00.000-04:002010-05-27T11:47:39.881-04:00

Sara Goldrick-Rab comments on it in a post for the Chronicle: There's a bit of an uproar in California over an arrangement between the for-profit Kaplan University and the California Community College Chancellor's Office that makes it possible for students locked out of community college courses to enroll in a Kaplan course at a reduced rate. The arrangement stems from the overcrowding and

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-40790714440661199432010-05-27T10:07:00.000-04:002010-05-27T10:07:25.285-04:00

From Inside Higher Ed this morning: Steven Eisman, the Wall Street trader who was mythologized in Michael Lewis's The Big Short as that rare person who saw the subprime mortgage crisis coming and made a killing as a result, thinks he has seen the next big explosive and exploitative financial industry -- for-profit higher education -- and he's making sure as many people as possible know it. In a

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-41903658838526056852010-05-25T11:58:00.002-04:002010-05-25T11:58:33.702-04:00

I discuss a recent proposal to make private student loans dischargeable in bankruptcy in this article for Forbes. In the article, I identify several troubling aspects of the proposal and offer a few alternatives, including one that would share some of the burden of bad debts with the colleges whose students default or file bankruptcy.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-21326496920340920172010-05-21T13:44:00.000-04:002010-05-21T13:44:20.472-04:00

My latest post on the CCAP blog: I've been openly critical of the gainful employment proposal being considered by the Department of Education (here and here). The proposed rule is overly harsh and would likely result in many programs and schools going out of business and hundreds of thousands of students being shut out of postsecondary educational opportunities. An analysis by economic

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com1tag:blogger.com,1999:blog-3453944321293490529.post-60162046182540794072010-05-20T10:49:00.000-04:002010-05-20T10:49:32.383-04:00

Kaplan partners with community colleges to help bridge gap in offerings and control costs: agreement allows Kaplan to provide classes that community colleges have cut. Students will be able to take the courses for a discount, and use them towards their associate's degree. Those who want to transfer to Kaplan's bachelor's program will also receive discounts and academic credits.Bridgepoint

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-29995822373817204222010-05-19T11:51:00.000-04:002010-05-19T11:51:45.264-04:00

Here's my latest post to the CCAP blog: The Chronicle has extensive coverage today regarding the for-profit industry's efforts to stymie the gainful employment rule being proposed by the Department of Education. CHE has even developed a table detailing lobbying dollars spent and political contributions made by the industry. Democratic Congressman were the recipients of 70% of the for-profit

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-54307362761466683322010-05-18T11:23:00.000-04:002010-05-18T11:23:44.890-04:00

Lots of press concerning the departure of Bob Shireman from the Department of Education and speculation on what this means for gainful employment. The Chronicle of Education has coverage here and here. Inside Higher Ed also has coverage.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-80488884925392708212010-05-17T16:12:00.002-04:002010-05-17T16:12:51.683-04:00

Over lunch I heard a rumor that Bob Shireman was to depart from the Department of Education. Kelly Field at the Chronicle confirms that Shireman will vacate his post at the end of summer. Will ED implement a gainful employment rule before he leaves is the billion dollar question.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-85250221027205781412010-05-13T15:31:00.000-04:002010-05-13T15:31:17.737-04:00

Here's my latest post to the CCAP blog: Lately, I've been doing some thinking about the college wage premium and the growing number of college graduates. Advocates of higher ed have long espoused that college is the best investment that one can make, and that the returns to this investment are substantial. This line of reasoning has been continuously espoused by proponents for increasing the

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-50184641368629346442010-05-11T09:25:00.000-04:002010-05-11T09:25:02.000-04:00

Please see my latest piece on Forbes.com, “New College Loan Rules Put Taxpayers at Risk.” In the article, I describe how the new Income-Based Student Repayment plan puts taxpayers at risk, will exacerbate the tuition bubble and sends the message that public sector work is good and will be rewarded.

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0tag:blogger.com,1999:blog-3453944321293490529.post-7971022540320864192010-05-10T10:23:00.000-04:002010-05-10T10:23:35.289-04:00

Daniel deVise of the Washington Post writes today about the for-profit sector, offering viewpoints from both sides of the coin: The esteemed PBS program Frontline borrowed our name this week for a broadcast about the for-profit sector of higher education. Like recent investigative pieces in the New York Times and Bloomberg BusinessWeek, the Frontline program questioned whether operating a

Daniel L. Bennetthttp://www.blogger.com/profile/08993081658442740459noreply@blogger.com0