BANGALORE, July 1 Prompted by a new federal
rule, for-profit colleges such as University of Phoenix
disclosed details of program graduation, placements and debt
rates to prospective students in an effort to improve
The colleges' disclosures were available on their websites
on Friday -- the deadline set by the U.S. education department.
They are also required to disclose the details on their
University of Phoenix operator Apollo Group
uploaded on its website a 94-page 'Consumer Information Guide.'
Corinthian Colleges released a 256-page document
for its Everest colleges and a 35-page document for its Heald
Others such as Strayer Education , ITT Education
and DeVry disclosed the details based on either
their program offerings or campuses.
The colleges revealed these details as part of the new
'gainful employment' rule finalized by the U.S. education
department in June and which threatens to cut off federal aid to
The rule is part of a larger package of regulations framed
by the Obama administration to reduce student debt at for-profit
colleges and make them more accountable for the taxpayers money
they get to fund student loans.
For a TAKE A LOOK:
The documents disclose details in five areas - identifying
the occupations for which the program is preparing students, how
many students complete each of the courses offered, total cost
of the program, placement rate and debt figures of ex-students
who graduated from the program.
From Friday, the colleges will also start giving a notice to
the department before they launch a new program.
(Reporting by A. Ananthalakshmi in Bangalore; Editing by
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