MINNEAPOLIS (AP) — Minnesota Rep. John Kline says he’s concerned the U.S. Department of Education is moving forward with its crackdown on the country’s for-profit schools to protect students from taking on too much debt to attend schools that don’t help their job prospects.
The Department of Education has finalized its “gainful employment” rule, which will ban for-profit schools from accessing federal financial aid dollars if too many of their graduates are unable to find jobs that pay enough to allow them to afford their student loan payments.
Under the rule announced Thursday, schools will only be able to receive federal-paid tuition if at least 35 percent of its former students are repaying their loans.
Kline is chairman of the House education committee. He says the rule will limit the ability of millions of people to gain the training necessary to succeed in the workplace.
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