18-05-2023, 10:06 AM
By COLLIN BINKLEY
yesterday
WASHINGTON (AP) — 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
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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.
Known as gainful employment, it revives an Obama-era policy that was dismantled by the Trump administration before it took full effect. It was enacted amid a federal crackdown on for-profit colleges that contributed to the closure of several chains accused of fraud, including Corinthian Colleges and ITT Technical Institute.
......
The rule is expected to put many for-profit college programs in jeopardy.
......
The proposal comes at a time of flagging faith in higher education. Fewer young Americans have been going to college, a shift that experts attribute to rising tuition costs
https://apnews.com/article/education-col...33ce71584b
yesterday
WASHINGTON (AP) — 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
......
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.
Known as gainful employment, it revives an Obama-era policy that was dismantled by the Trump administration before it took full effect. It was enacted amid a federal crackdown on for-profit colleges that contributed to the closure of several chains accused of fraud, including Corinthian Colleges and ITT Technical Institute.
......
The rule is expected to put many for-profit college programs in jeopardy.
......
The proposal comes at a time of flagging faith in higher education. Fewer young Americans have been going to college, a shift that experts attribute to rising tuition costs
https://apnews.com/article/education-col...33ce71584b