For-profit colleges will have to be more forthcoming about information they’ve considered proprietary up to now. Gov. Jerry Brown signed legislation yesterday that requires for-profit colleges to inform prospective students about their accreditation status, salaries, student loan default rates, and whether graduates have found work in the fields they were trained for.
“We want students to make informed choices before they make sizeable investments in their future,” said Assemblymember Marty Block, a San Diego Democrat who introduced AB 2296. “The basic information required under this bill helps make students smart consumers, and will especially assist veterans as they seek to earn degrees and career training for their transition to civilian life.”