New rule targets college programs that leave grads with low income, high debt

Source: Niagara Gazette

“College programs that leave graduates underpaid or buried in loans would be cut off from federal money under a proposal issued Wednesday by the Biden administration, but the rules would apply only to for-profit colleges and a tiny fraction of programs at traditional universities. The Education Department is calling it a significant step toward accountability for the nation’s colleges. With more students questioning the value of a degree, the measure aims to weed out low-performing programs and assure students the cost of tuition will pay off in the long run. ‘Investing in a college degree or career certificate is supposed to pay off — instead, too many students are getting ripped off every single year,’ Education Secretary Miguel Cardona said in a call with reporters. Opponents, however, say the scope is too narrow to help most students.” (05/21/23)