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Journal of Student Financial Aid

2014

Gainful employment

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The “Gainful Employment Rule” And Student Loan Defaults: How The Policy Frame Overlooks Important Normative Implications, Gabriel Serna Jul 2014

The “Gainful Employment Rule” And Student Loan Defaults: How The Policy Frame Overlooks Important Normative Implications, Gabriel Serna

Journal of Student Financial Aid

In this essay I examine the empirical considerations and normative aspects that such a proposal engenders and how the policy frame, while useful, misses important normative implications for aid policy. Specifically, I will analyze the policy’s proposed goals, and the normative implications that adoption of such measures entails; which have been omitted from the policy debate. I will also consider how empirical or economic implications have taken center stage in the process of defining the policy’s image and the potential negative consequnces this creates.