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Douglas J Aveda Institutes How Rules with Good Intentions Challenge an Industy

Michigan Business Beat
April 18, 2017 10:00 AM

djaVEDA.pngBack in the MBN studio Chris Holman catches up with, Scott Weaver, President and Co-Owner of Douglas J Companies/ Douglas J Aveda Institute. Scott shares a brief history of the  years since his family's first salon, along with the education component that the Aveda Institues play in their family of companies.

Speaking of education, there is a fairly critical rule from the federal government and U.S. Department of Education; Gainful Employment which was developed with good intentions, but is having a big impact on institutes and colleges of their kind. The student debt to income ratios for graduates are being monitored, to address the high student loan default rates. Aggragate income ends up being under-reported, and is resulting in challenges with complying with the rate standards.

Hear all about this issue, on the PodCast below!

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Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

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