Don't know how this will affect COCO, but it ain't good news for for-profit ed.
November 11, 2013
Proposed Gainful-Employment Rules Would Tighten Eligibility for Programs
By Kelly Field
Vocational programs would have a tougher time qualifying for federal student aid, and some would lose their eligibility immediately, under the latest draft "gainful employment" rules from the U.S. Education Department.
The revised rules, which federal negotiators will debate at a three-day meeting here next week, would judge programs based not only on their graduates' student-loan-debt burdens, but also on their former students' ability to repay their loans, whether or not the students graduated. [...]
[Chron for Higher Education]