The Hill News

The Department of Education proposed new rules last week which, under the guise of “avoiding wasteful spending” on higher education loans, will close the door to a better life for hundreds of thousands of needy students.  The rule mainly applies to proprietary colleges, also known as for-profit schools, and will bar or limit many programs based on a complex formula that compares a student’s debt to his or her prospects in the current job market.  According to the Department’s own estimates, this proposed rule would eliminate or put at risk 307,000 students who are currently enrolled in these programs.   

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