New Panel Created to Oversee For-Profit Colleges
FRANKFORT, Ky. (AP) – For-profit colleges would be subject to a new oversight panel under a bill that has cleared the state legislature and now heads to the governor. The measure would create the 11-member Kentucky Commission on Proprietary Education made up of four representatives from for-profit colleges and four at-large members with backgrounds in education and business, plus the state’s education secretary, education commissioner and the president of the Council on Postsecondary Education. The legislation gives the commission authority to hire staff to monitor and to help investigate complaints about for-profit colleges in Kentucky. Those colleges, under the bill, would require for-profit colleges to publicly disclose a variety of information, including job placement rates.
