WASHINGTON—The US Department of Education recently proposed a series of rules aimed at tightening regulatory oversight of career colleges. But the new standards, if enacted, are a classic example of the federal government doing more harm than good. In this case, many African American youths and working adults will be the victims.
Under the proposed rules, students at career colleges would be ineligible for federal loans and grants if their chosen career school doesn’t meet certain guidelines pertaining to the institution’s default rate on student loans and the salary level of its graduates. The reasoning behind these rules is ridiculous: How can the value and worthiness of an educational establishment be gauged by how many students default on their loans?