|06:35 EDT||APOL, COCO, CECO, BPI, ESI, DV, LOPE, STRA, APEI||20% of for-profit education programs would fail new rule, Inside Higher Ed says|
The White House last night released new proposed gainful employment regulations for career training programs at for-profit colleges to a limited number of news organizations that have not yet disclosed the details of the rule, according to Inside Higher Education. The "overall structure" of the proposed regulations appears to be the same as a draft version the Department of Education released in December, the website stated. About 20% of for-profit education programs would fail to meet the standards in the regulations, and another 10% would be in a warning zone, the website quoted Education Secretary Arne Duncan as saying. The gainful employment regulations are supposed to limit the amount of debt that students hold. The full version of the regulations is expected to be released to the public today at 7 AM ET, the website stated. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA) Reference Link .