February 14, 2022
Arlington, VA – A report released earlier today by the Texas Public Policy Foundation (TPPF), a 501(c)3 non-profit, non-partisan research institute, reveals that if the Obama administration’s gainful employment debt-to-earnings test were applied to all programs at all higher education institutions, then 51% of failing programs would be at private nonprofit institutions and 39% of failing programs would be at public institutions. 11% of programs that fail gainful employment under TPPF’s analysis would be at for-profit institutions. TPPF finds that “…by excluding degree programs at public and private nonprofit universities, gainful employment missed the vast majority of programs that leave their students with excessive student loan debt.”
“This excellent new research from the Texas Public Policy Foundation shows that had gainful employment been applied across all sectors of higher education, the vast majority of failing programs would have been at private nonprofit and public institutions, not for-profit institutions,” said CECU’s President and CEO, Dr. Jason Altmire. “This is a reality that many advocates of accountability for all sectors of higher education have long suspected. Now we have the data to show without a shadow of a doubt that all students across all sectors of higher education need protections to ensure that the programs they’re attending give them a strong return on investment.”
You can read the full report here.
About Career Education Colleges and Universities
Career Education Colleges and Universities (CECU) is the national association serving the proprietary higher education sector.
Please direct media inquiries to Devin Miller, Director of Communications at Devin.Miller@career.org.