Changes to Gainful Employment laws affecting our business.

The Education Department plans to eliminate regulations forcing for-profit colleges to prove that they provide gainful employment to the students they enroll.

As someone who makes his living (in part) from advertising For-Profit Colleges, I  have mixed feelings about this.  The roll-back will most-likely result in my clients doing more advertising, which is good for me.

And yes, I think personally that past Presidential Administrations over-regulated.  Yes, I get that colleges are businesses, and businesses should operate as a free market.  Yes I understand that nobody is making anybody enroll in these classes. 

But the loans people take out to attend these colleges, are backed by the tax-payer.  In effect, the tax-paying public is subsidizing the few for-profit colleges that can compete at scale.  So on that end, I think that rolling back these regulations is a bad idea.

On the other hand, nobody every asked whether my Ivy League Art Degree was likely to result in me being gainfully employed.  And in fact I drove a cab for a few years to make ends meet, because it was the best job I could find.