Part of the problem with blogs and education policy is the extreme rhetoric - mass exaggeration and anecdotal evidence rule the day. So it is nice to read the blog on Quick and the Ed by bill Tucker taking apart an op ed in the Washington Post by Mar Morial.
The issues is the gainful employment rule and the Urban League is claiming this is going to destroy the ability for minorities to earn a degree. As Marc points out - this is really going to destroy the ability of minorities to pile on massive amounts of debt for a degree that is not going to help them in the future.
The money stat: LESS THAN 4% OF FOR PROFIT SCHOOLS (the bottom 4%) WILL BE AFFECTED BY THE RULE!!
The gainful employment rule will not put the industry out of business and certainly is not going to leave minority students with no opportunity to earn a degree. For-profit colleges and universities will adapt and succeed. And everyone will win.
Well played Mr. Tucker.