The U.S. Department of Education will apparently host two days of public meetings on the Department’s proposed “gainful employment” provisions, the controversial regulations that would cut vocational colleges off from federal funding if more than 35 percent of former students aren’t paying off their loans and/or if the average former student spends more than 8 percent of his income servicing student loans.
According to a piece published in the Federal Register yesterday:
The Secretary of Education announces public meeting sessions to receive oral presentations and to interact with commenters regarding comments that were submitted to the Department of Education in response to its Notice of Proposed Rulemaking on Program Integrity: Gainful Employment, published in the Federal Register on July 26, 2010.
The Department will hold public meetings on November 4 and 5, from 9 a.m. to 4 p.m. both days. The meetings will give interested parties the opportunity to give oral presentations about the proposed regulations.
During the public comment period the proposed gainful employment changes generated an exceptionally high number of remarks, almost 85,000 of them.
