Federal regulations are in the works that will mandate more
accountability for Financial Aid. Sounds good at first, but may be a very
scary thing. The accountability is on the outcome, not the input.
If federal regulations can mandate which schools can get Financial Aid for
students based on the rate of pay for the jobs those students get upon
graduation....what is next?
See the May 4 Bloomberg article titled
Obama Plans New Rules as For-Profit Colleges Mobilize
by clicking here:
If these changes are enacted, it may seem like a good thing at first through
the eyes of nonprofits. But it makes me very uneasy for higher education
as a whole. As the government seeks to regulate using the control
mechanism of financial support and the metric of outcome attainment via job
placement and salary, we are beginning to tread in uncharted waters. This
pending legislation will ultimately direct students to certain schools over
others based upon governmental criteria.