Durbin Leads Colleagues In Urging Department Of Education To Reinstate The Gainful Employment Rule
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL) today led six of his colleagues in sending a public comment letter to Department of Education Secretary Miguel Cardona, urging him to reinstate the Gainful Employment Rule. The proposed Gainful Employment Rule uses a debt-to-earnings (DTE) ratio and an earnings premium (EP) test to determine whether career education programs, including all programs at for-profit colleges, are providing value and preparing their students for “gainful employment.” Programs that consistently saddle students with too much debt or do not produce wages for their students that are higher than a high school graduate would lose eligibility to receive Title IV federal financial aid. The Obama Administration put the Gainful Employment rule into effect in 2014, but under the Trump Administration, then-Secretary of Education Betsy DeVos rescinded the Gainful Employment Rule in 2019. Without the Gainful Employment rule in place, for-profit
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