On September 24, the US Dep. of Education announced that it would move forward with it's plans to create tighter regulations on for-profit schools. These regulations are focused on protecting students from debt. Specifically, these regulations force schools to inform the students about: rates of graduation, debt and the income that the students will receive. These new regulations stem from student and federal concerns that the training they receive at school might not actually prepare them for a job. This regulation of for-profit schools would be defined as protective regulation as it deals with the vulnerability of students. The students are vulnerable to the hazards of for-profit schools that have the incentive to take advantage of students.
Aria Greenberg
http://www.nytimes.com/2010/10/25/us/25iht-educSide25.html?_r=1&scp=2&sq=regulation&st=cse
Aria,
ReplyDeleteAfter reading this article, I also learned that this regulation will go into effect on July 1 of 2011. The Department of Education received 90,000 comments from concerned citizens, critiquing the details of the this. Today and tomorrow, they will be meeting in Washington to consider these comments, and also to finalize everything. Considering the social regulation characteristics from our notes, I recognized this article gave the rules and enforcers, but did not necessarily map out the sanctions involved for those for-profit schools that do not follow the new regulation. I imagine that is part of what they will be discussing in their meetings over the next couple days.
Elise Leppert
ajay bohra
ReplyDeleteIts almost to my concern that something like this has not already been instated. For someone spending over 40 to 100k for an education, one would believe that they would have been told the outcome of theyre, so called, purchase. I could not agree with this article more about the regulation on for-profit schools. Knowledge and understanding is key, something that a college should stand behind. I understand that it can hurt business by actually claiming what the articles says the college may end up having to display, but its in honesty, and for the better good for the college. If people know what they are getting into, it will be more likely that they will be better as students - as they know the callanges they will soon face.