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The 90–10 rule refers to a U.S. regulation that governs for-profit higher education.It caps the percentage of revenue that a proprietary school can receive from federal financial aid sources at 90%; the other 10% of revenue must come from alternative sources.
While to some extent proprietary colleges have always existed, their numbers and ubiquitous nature exploded after 1992 when then-committee chairman John Boehner (R-Ohio) of the House of Representatives' Committee on Education and the Workforce killed a federal regulation known as the "90-10 rule", and by simplifying the definition of "institution of higher education" to place for-profit ...
In 2018, U.S. Education Secretary Betsy Devos scrapped a 2010 ED "gainful employment" rule. [ 86 ] [ 87 ] [ 88 ] Later that year, Education Corporation of America began closing its campuses. [ 89 ] [ 90 ] ED also restored ACICS as an accreditor. [ 91 ]
Robert Kiyosaki, financial guru and author of the bestselling book, "Rich Dad Poor Dad," talks and writes a fair amount about a concept he calls the 90/10 rule. According to Kiyosaki, the rule...
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For-profit education (also known as the education services industry or proprietary education) refers to educational institutions operated by private, profit-seeking businesses. For-profit education is common in many parts of the world, making up more than 70% of the higher education sector in Malaysia , Japan , South Korea , Indonesia and the ...
It’s called the 90/10 rule, and we’re wondering how something so simple could have once been so, so stupefying. (Once...as in, last week.) The 90/10 rule goes like this: “90% of the shaping ...