Thumbs Down on 'Gainful Employment' Rule

In today’s Wall Street Journal, Steve Gunderson, president of the Association of Private Sector Colleges and Universities (the group that would be decimated — or worse — by the Education Department’s proposed rule) has an article arguing that the “gainful employment” regulation would be damaging and is motivated by the leftist animosity toward making a profit in education.

I don’t like the rule either. Not only is it unfair, but more importantly it doesn’t provide any remedy for the problem that gives rise to the angst over student debt repayment. The rule is worse than the proverbial band-aid on a machete wound; it’s more like a band-aid on someone with a brain tumor. Here’s my letter:

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