Oct 31, 2014
“We are deeply disappointed in the administration’s announcement of a final rule on gainful employment without full knowledge of how it will affect our nation’s students. Earlier this year, we introduced H.R. 4897, the Transparency in Education Act, that has strong bipartisan support and would require the Department of Education to study the effects on students prior to implementing their rule. We are pleased that a companion bill has since been introduced in the Senate. We will continue to work toward ensuring the Department does not hurt the same students it claims to help and we plan to reintroduce this legislation in the 114th Congress.”
Background: On October 30, 2014, the Department of Education released a 945-page final rule on gainful employment. While they removed the cohort default rate requirement from the rule, they moved forward with their debt-to-income ratio requirement. In an effort to prevent this rule from keeping thousands of students from achieving their educational goals, Reps. Salmon and Hastings introduced H.R. 4897 which has 27 cosponsors. The full text of the Transparency in Education Act can be found here.
Direct link to Press Release: http://salmon.house.gov/media-center/press-releases/representatives-matt-salmon-az-05-and-alcee-l-hastings-fl-20-statement