Rev. Jesse Jackson Endorses Minority Leaders' Call to Stop Gainful Employment
Regulation targets millions of minority students but DoED doesn’t understand impact it will have on low-income and minority students
Policy written behind DoED closed doors with short-seller influence
WASHINGTON: Just as we expect the Environmental Protection Agency (EPA) to conduct an environmental impact assessment on the positive and negative impact a proposed project will have on a surrounding area, the National Black Chamber of Commerce and Lanny Davis, are joining with the Hispanic Leadership Fund to host a press conference call on Monday, May 9, 2011, demanding that the Department of Education undergo a "Minority Student Impact Assessment" to determine how many students will be affected by the controversial "Gainful Employment" rule that is set to be finalized in upcoming weeks. We believe that the proposed rule, which creates the perverse incentive for colleges to avoid enrolling low income and minority students altogether, will worsen the already large degree attainment gaps the Blacks and Hispanics face in this country.
The Department of Education has largely ignored the criticism of its proposed regulation and has remained secretive about its final version of the rule. As the Office of Management and Budget (OMB) reviews the rule, minority leaders will call for an assessment on how their constituencies will be affected by this regulation.
Who: Harry Alford, President and CEO of NBCC
Lanny Davis, former Clinton White House Special Counsel
Mario H. Lopez, President of Hispanic Leadership Fund
When: Monday May 9, 2011 at 1:00 pm ET
Conference Line: (866) 813-5647
The NBCC reaches 100,000 Black owned businesses. There are 1.9 million Black owned businesses in the United States. Black businesses account for over $138 billion in annual sales. African Americans have over $1 trillion in expendable income each year according to the US Bureau of Census. The National Black Chamber of Commerce is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States and via interaction with the Black Diaspora.
For more information, please call NBCC at (202) 466-6888 or visit www.nationalbcc.org/.