With a deadline for comments on the Obama Administration's controversial "gainful employment" rules nearing, for-profit colleges and other groups are girdling for a battle on the shape of final rules tying schools eligibility for student aid to proof that students are attaining jobs after completing educational programs. As reported
in USA Today, "stakeholders on both sides of the debate are ramping up their push on the administration" in advance of the May 26 deadline for public comments to be considered by the administration in connection with final rule making. The proposed rules unveiled in March would require "colleges . . . to demonstrate that graduates' debt load on average does not exceed 30 percent of their discretionary earnings or 12 percent of their total earnings," among other requirements.