National Student Loan Data System

1491 Words Jun 15th, 2015 6 Pages
The Obama administration has successfully created and passed a new law that will unfairly enforce more regulations on post secondary schools. This new law, called Program Integrity: Gainful Employment (GE) was established when concerns were raised about the amount owed on student loan debt. This single ruling will permanently close several hundred programs and lower the options of educational choices for non-traditional students. The American taxpayer dollar is funding the education of low income students in the form of Federal Pell Grants and Federal Direct Student Loans. The federal government has the responsibility of funding those student loans. The Department of Education (DOE) is responsible for the rules applied to student loans. National Student Loan Data System (NSLDS) is responsible for keeping all student loan information in one place so the student can access their loan information. Post secondary schools are responsible for explaining to prospective students what options are available to them to assist in paying for their chosen program. What are the responsibilities of the student? Three perfect examples are graduating, finding employment, and paying back their student loans. These last two actions will decide the fate of many for-profit institutions. The selection of a school for a career choice is a traditional community college, a state university, online education, or a vocational trade program. The new GE law will make several of these choices go away.…
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