The Chronicle reports that at yesterday's Department of Education hearing in Philadelphia,
[c]onsumer advocates also urged the department to standardize the rules that require for-profit institutions to show that a percentage of their graduates find “gainful employment".If "consumer advocates" were truly concerned about protecting consumers, then they ought to be urging the DoE to require that ALL colleges show that a percentage of their graduates find "gainful employment". There is little to no information available for consumers to determine how much value a particular college adds to its graduate's post-secondary success. So let's stop picking on a particular segment of the higher ed industry, which happens to be growing faster, operating more efficiently and providing more innovation than the non-profit sectors. After all, some college presidents and thought leaders agree that the business model needs reformed for higher education to be sustainable.