28 Sep 2010
Department of Education to Implement Marketing Compliance Regulations
The Department of Education today announced that it is on schedule to implement new regulations of the for-profit education sector dealing with gainful employment and 13 other issues to protect students and taxpayers. The regulations will be released in two phases, the first due to launch July 1, 2011. The ultimate goal is accountability and consumer protection:
“These schools and their investors benefit from billions of dollars in taxpayers subsidies, and in return, taxpayers have a right to know that all of these programs are providing solid preparation for a job,” Duncan continued. “We want to be as thoughtful as possible as we move forward. We’re taking additional time to analyze all the feedback we’ve received to help us strike the right balance between holding these programs accountable to protect students and taxpayers from abuse and making sure we keep whole those programs that are doing a good job.”
PerformLine looks forward to implementing tools that will help our clients manage to these new guidelines. More on that soon!
(Source: ed.gov)
