Both borrower defense & gainful employment would bring an important measure of accountability to #4profit industry. #defendstudents https://t.co/JrX8HGPlpU
You're all welcome for not live-Tweeting this super technical discussion about reporting requirements happening now. But when we hit issue paper 7, nothing can save you... #DefendStudents
@jdmatsudaira cites Cellini, Darolia, Turner study on what happens when for-profit college programs close: Students are absorbed by community colleges, where debt is lower and earning outcomes are same/higher. Closing programs maybe disruptive/but surmountable #DefendStudents
Student rep agrees ED must retain sanctions on failing programs -- can't put 100% of the burden on students to protect themselves. #DefendStudents (Ed. note: especially when it's on the taxpayers' dime.)
Day 3 of Neg-Reg starts off talking about sanctions: Almost all reps so far except #4profit support sanctions. CC rep says that institutions need to balance the burden of reporting requirements with public interest #DefendStudents
Public two-year rep: You have to balance any reporting requirements with the benefit of ensuring students aren't taken advantage of, so I do support sanctions. #DefendStudents
The large #4profit alternate says he'd be (more) comfortable with sanctions, if he supported the underlying metrics, which he does not. Meanwhile, the public four-yr rep offers an emphatic "yes" in support of sanctions. #DefendStudents
Less heartwarming to hear the Laureate rep talk about the Scorecard. But I share her biggest concerns: No data on grad students; debt/earnings only for T4 students (due to #collegeblackout); FTFT grad rates (hopefully will be updated with Outcome Measures). #DefendStudents
Many #4profit colleges aggressively target for recruitment the high-risk students whom they complain about (for overborrowing and flunking out) at these meetings. #DefendStudents
On topic of disclosures: CFO rep says that we should hold students accountable for their own destiny; suggesting that they can do their own research. (This ignores the second goal of GE to protect taxpayer dollars) #DefendStudents
In case you're not clear what negotiators are talking about when they pitch disclosures-but-not-warnings -- here's the difference on the current template. One imagines the left-hand version is more effective in getting students to read key info. #DefendStudents
Small #4profit rep: If Dept. would consider giving programs chance to improve (ie change program type to improve ROI), a "warning" would be excessive. This begs another question: How many colleges are already considering subtle changes to program type? #ShellGame#DefendStudents
Legal assistance rep says that students are confused about why the government would give them money to attend a particular school if it then immediately turns around and cautions them against using it there #DefendStudents
Check out @EduBenM comments on GE earnings appeals for more great info: 3.4% of US workers in predominantly tipped income fields; 21% of those tipped-inc workers in fields with possible #highered link; relatively few of failing GE programs. https://t.co/43PaBWyOQ4 #DefendStudents
@DaHalperin Students don't get second chances like the schools. And students shouldnt have to fight so hard to find that 1/1000 employer who will overlook the school they went too. True story!
#negreg mediator again cautions pro-student negotiator not to focus on, or for heavens sake name,any particular school. Absurd. Facts re school behavior are 100% relevant to addressing these issues. Being genteel re institutions is we failed to #defendstudents & got in this mess
Are you a former #DeVry student? File Defense to Repayment and stop the sale!
"A provision tucked into the sale allows Cogswell to back out if the number of so-called borrower defense claims against DeVry climbs above 2,250 before the deal closes." https://t.co/xlWdex2I7k