‘Risk Adjusted’ Metrics for Colleges Get Another Look

In 2010, as the U.S. Department of Education was preparing new regulations to bear down on career-focused programs, the for-profit colleges’ main trade association set out to create something it hoped would take their place: a measure of institutions based on factors like graduation and loan-default rates that would account for the numbers of low-income students they enrolled.

The association "wanted a defensible, realistic alternative" to the department’s