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Education Department Will Cut Federal Loans From Low-Earning College Programs
The U.S. Department of Education announced a final rule that will, for the first time, strip federal student loan eligibility from college and career programs whose graduates fail to out-earn workers who never enrolled.
The Student Tuition and Transparency System (STATS) and Earnings Accountability rule applies a single standard across every sector of higher education, from public universities to for-profit certificate schools, regardless of an institution's tax status or the credential it awards.
The premise is simple: undergraduate programs must demonstrate that their graduates earn more…
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