"The gainful-employment regulation, which seeks to hold colleges accountable for their students’ earnings compared with their students’ loan debt, will go through the federal rule-making process, again, more than a decade after it was first proposed," The Chronicle of Higher Education reports.
..."Advocates had urged the Biden administration to simply reverse DeVos’s repeal, according to a report from the National Association of Student Financial Aid Administrators and Politico, but the administration has said it is legally obligated to go through the lengthy rule-making process. A new rule could not go into effect until July 2022 at the earliest."
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Publication Date: 5/20/2021