New rule targets high-debt, low-income college programmes
The US Education Department is calling it a significant step towards accountability for the nation’s colleges. With more students questioning the value of a degree, the measure aims to weed out low-performing programmes 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.
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.
Full report on the AP site