George Leef’s latest Forbes column begins:

At the end of October, the Department of Education released its much-awaited “gainful employment” rule. It is supposed to fix (or at least improve) the problem that many students who pursue vocational training with federal student aid money wind up without a job that pays well enough for them to meet their student loan payments.

As I’ll explain, the rule won’t solve that problem, but only limit the range of choice for students.

And Mr. Leef does just that: Read the rest of his column here.