Changes in Regulations and the job market
Proposed regulatory changes in career education are likely to have a considerable impact on the industry, as well as the quality of various job opportunities. If you are thinking about making a change at the current time there are a few key things to consider about regulatory impact. For example, if you are considering a new employer, it is critical to look at the revised loan default groundrules. Preliminary projections show industry loan default rates rising due to the expansion of the measurement period from two to three years. Many well managed companies should be fine, but some others may be over the triggers and potentially faced with loosing title IV. It would also be wise to have a good understanding of the nuts and bolts of the companies loan default management program to intelligently asses their ability to comply with loan default rate requirements. Examples of other critical measurements to research are 90/10 status, the new impact of proposed summer semester pell loss, student debt to income ratios, salary levels of graduates by program, program completion rates and status since last accreditation, to touch on a few highlights. These aren’t just for the Director of Financial Aid, the results and status reflect the health and stability of the whole school/company and every manager in every department, at every level can have an impact. Conversely, all can possibly be affected. We just recommend doing your homework if making a change, so the new job will be a solid step forward, not a career mistake.
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