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In an effort to ensure that students don't find themselves in similar situations after enrolling in for-profit programs, the Department of Education will soon offer clear definitions of gainful employment regulations, which are meant to ensure that schools adequately prepare their students for the working world by examining their students' debt load on graduation, student income, and student loan repayment rates. If a school doesn't meet benchmarks in each of those areas it risks losing federal student loan funding, which for-profit schools rely on for survival.
A Department spokesperson maintains that the final gainful employment guidelines will be released early this year, but refuses to offer a specific date. While the Republicans in the House can block further legislation, it is unlikely that they will be able to dilute the regulations in the wake of an extended public commenting period on the proposed rules, analysts say. "There will be a significant number of changes to the final rule, but that does not mean that we should expect a broad softening of the rule," says Price of Height Analytics.
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