For-profits say Obama administration data error undermines borrower defense and gainful employment
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A data mistake the U.S. Department of Education made last year has become a rallying cry for critics of regulations the Obama administration created to rein in for-profit colleges.
Just before President Trump’s inauguration, the department disclosed that a coding error in its College Scorecard had substantially inflated colleges’ student loan repayment rates. One expert estimated that when the correct data were considered, the national three-year repayment rate (meaning the proportion of borrowers who have repaid at least a dollar of their principal loan balance) fell to 41 percent from 61 percent.
While embarrassing, the department said its goof does not affect any of
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