Business lobby blasts new ‘gainful employment’ proposal for career colleges

Posted: August 19, 2010 in News
Tags: , , , ,
By Mike Lillis – 08/19/10 03:20 PM ET

The U.S. Chamber of Commerce this week is slamming a new White House proposal designed to ensure that career college students are trained for jobs lucrative enough to pay back their federal loans — an issue for the healthcare industry, because a huge percentage of medical professionals are trained at for-profit institutions.

“This ill-conceived regulation will work against job creation, only resulting in jobs lost and fewer Americans getting the post-secondary education and training they need to secure work in today’s economy,” Thomas Donohue, the Chamber’s president and CEO, wrote in a letter to the Department of Education (DOE) Wednesday.

Read the rest of the article here:

http://thehill.com/blogs/healthwatch/corporate-news/115065-business-lobby-blasts-new-gainful-employment-proposal-for-career-colleges

Here is the letter:

2010_08_18_Gainful_Employment_fromUSCC

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