ADVFN - Advanced Financial Network.
HOME» NYSE » B » BPI Stock Price » BPI Stock News

Bridgepoint Educatio Share News

 Bridgepoint Educatio Stock Price
BPI Stock Price
 Bridgepoint Educatio Stock Chart
BPI Stock Chart
 Bridgepoint Educatio Stock News
BPI Stock News
 Bridgepoint Educatio Company Information
BPI Company Information
 Bridgepoint Educatio Stock Trades
BPI Stock Trades

US Education Dept Releases Higher Education Rule Package

By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The U.S. Department of Education on Thursday will release a series of new rules governing higher education, including restrictions on recruiter compensation and new requirements on disclosing graduation and job placement rates at career-focused programs. The rules, which have been in the works for more than a year, go into effect July 1. The department said it is still on track to release the so-called gainful employment rule early next year for implementation in summer 2012. That regulation, which attempts to measure how well non-degree certificate programs prepare students for work, ties their access to federal student aid to graduates' debt loads. "These new rules will help ensure that students are getting from schools what they pay for: solid preparation for a good job," Education Secretary Arne Duncan said in a statement. While some of the final rules are only slightly different from their earlier iterations, released this summer, the Education Department softened the regulation regarding new non-degree certificate programs, a proposal that had been a serious concern for some schools. Beginning in July 2011, institutions must notify the department of new programs before opening them, and some may need to formally apply for approval. However, schools will not be required to provide the department with documentation from employers showing the programs' curriculum will prepare students for relevant work and that there is a demand for such graduates, as an earlier proposal had recommended. The department said many states and accrediting bodies already require such information. As expected, the rules also tighten incentive compensation guidelines by eliminating 12 "safe harbors" that had allowed student recruiters to be paid in part--but not solely--on their success in enrolling students. Incentive payments now cannot be based "in any part" on enrollment or financial aid metrics. Some for-profit schools have already rolled out new recruiter payment plans in advance of the change. Other rules are intended to clarify the timeline in which schools must return federal student aid after a student withdraws, define a credit hour for the purpose of awarding federal student aid and require for-profit and vocational schools to provide prospective students with easy-to-find graduation and job placement rates and tools by which to calculate potential debt. Schools will need to use calculations from a state, accrediting body or the National Center for Education Statistics to determine employment rates. Some institutions have come under fire, including at a recent U.S. Senate hearing, for alleged inflation of job placement figures. For-profit colleges have opposed a number of the proposed rules, arguing the regulations could limit access to higher education as the schools are forced to slow enrollment growth, shut programs or make other changes. The schools' stocks, which have been volatile throughout the rule-making process, are all negative year-to-date. Although the slew of rules released Thursday will quell some fears, the schools--and their investors--likely will remain anxious until the final version of the gainful employment regulation is issued. A number of institutions have already predicted slowing new-student enrollment, and Apollo Group Inc. (APOL) earlier this month withdrew its earnings guidance because of regulatory uncertainty. The Education Department said that over the next few weeks, it will hold a series of public hearings and meetings with more than 30 organizations and individuals who submitted comments on the early version of that rule. The department said it received more than 90,000 comments on the proposal. -By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com

Stock News for Bridgepoint Educatio (BPI)
DateTimeHeadline
05/12/201408:58:08U.S. Hot Stocks: Hot Stocks to Watch
07/11/201309:14:35U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/09/201113:46:46Some Relief, But For-Profit Colleges Still Face Challenges
06/02/201109:48:46For-Profit Colleges Rally As Government Test Looks Easy
06/02/201100:31:23US Education Dept Softens Final Rule On Vocational Programs
03/02/201117:42:12Washington Post's Kaplan Being Investigated By Illinois AG
01/25/201111:54:59US Education Department To Clarify Controversial Regulations
12/15/201018:01:51Kentucky Attorney General Probing Six For-Profit Schools
10/28/201000:28:25US Education Dept Releases Higher Education Rule Package
09/30/201014:15:28Sen Harkin To Propose Legislative Changes To For-Profit Colleges
09/23/201014:25:22Education Dept To Set Timeline For Higher-Ed Regulations Friday
08/16/201013:12:08CORRECT: For-Profit Schools Could See Bigger Hit From Debt Rule
08/16/201008:30:13For-Profit Schools Could See Bigger Hit From Student Debt Rule
07/23/201000:28:11U.S. To Scrutinize For-Profit Career Colleges
05/20/201009:29:37Bridgepoint Education To Produce Its Own Online Texts
05/13/201017:16:51CORRECT(3/24):College Investors Bank On Gainful Employment Rule...
03/24/201012:17:04College Investors Bank On Gainful Employment Rule Easing
03/03/201014:30:20CORRECT: For-Profit Colleges Capitalize On California Education...
03/03/201013:19:07For-Profit Colleges Capitalize On California Education Woes

Bridgepoint Educatio and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad