New Rochelle, NY (PRWEB) September 27, 2013
Last month, Marc Jerome, Executive Vice President of Monroe College, was chosen as a primary negotiator to represent private, proprietary colleges as the Department of Education reviews the proposed gainful employment rule. Fifteen primary and fourteen alternate negotiators were selected to represent the various segments of higher education.
In 2010, the DOE proposed the gainful employment rule and a series of metrics used to determine whether education programs within the proprietary sector lead to gainful employment in a recognized occupation. The proposed rule based a program’s eligibility for federal student financial aid under Title IV of the Higher Education Act on whether or not the program met rigorous student loan debt metrics.
On June 22, 2013, the Department of Education announced that it would establish a negotiated rulemaking committee with the intent that it would review current gainful employment standards, as well as help to improve on regulations and create new standards for programs that prepare students for gainful employment.
The topic of gainful employment has been highly discussed throughout higher education and this committee is meant to achieve several goals relating to the matter. According to a document published by the U.S. Department of Education, these goals include defining what it means for a program to prepare a student for gainful employment, providing institutions with the tools and metrics needed to assess whether their programs prepare their students for gainful employment, protecting students and taxpayers by identifying gainful employment programs with poor outcomes, and supporting students in deciding where to pursue a college education by increasing transparency.
Over the last three years, Mr. Jerome has become a subject matter expert on gainful employment and has focused a lot of his energy working on Title IV issues. He has delved into the matter in order to gain an in-depth understanding and has worked with the U.S. Department of Education as well as both Democrats and Republicans on numerous issues, including gainful employment.
In 2012, Monroe College won a USA Funds® Award for Excellence in Debt Management. The College was recognized for developing its Debt Reduction, Education, Assessment & Management (DREAM) project, which gives its graduates the skills to manage both their personal and educational finances. The DREAM project educates students through peer financial advising, early intervention loan counseling and education, and enhanced staffing of its Office of Loan Management, among other efforts to improve student financial literacy.
The next negotiated rulemaking session is scheduled to take place in Washington, D.C. on October 21st through October 23rd.