Check out my latest article for Career College Central magazine, "Death By Gainful Unemployment: The Department of Education raises the blade on the guillotine of ambiguity.” In the article, I discuss the negative implications of the Department of Education’s proposal to define its gainful employment rule in terms of an 8 percent debt-to-income ratio. In addition, I calculate the maximum lifetime student debt that a student could have borrowed in both 2003 and 2008 to pursue training for a career in 10 occupations expected to create a great number of jobs in the next decade, using the Department’s proposed metric. What I find is that for 7 of the 10 occupations, students would have been able to borrow less in 2008 than they would have in 2003, after adjusting for inflation.
You can access the online version of the magazine and flip to pages 24-27, or download a PDF to read the article.
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