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.
The legislation is House Bill 308.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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