Gainful employment data suspect but better than expected, says Credit Suisse

Credit Suisse said that its first take of the DOE's newly released gainful employment data reveals repayment rates that are generally in line with its expectations along with incomes that seem better than the worst case scenarios for most For-Profit Education providers. However, Credit Suisse warned that Education Management, among others, have indicated that the data includes inaccuracies, making the firm cautious about the data's integrity and utility.