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jul 1, 2011 - GE Rule Enacted

Description:

The gainful employment rule crafted by the Obama administration goes into effect. This regulation requires vocational programs at for-profit higher education institutions and nondegree programs at community colleges to meet minimum thresholds with respect to the debt-to-income rates of their graduates. Programs that fail to meet these minimum requirements could lose access to all federal financial aid for a period, putting them at a higher risk of closing.

Added to timeline:

22 Oct 2018
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Date:

jul 1, 2011
Now
~ 12 years ago