NASFAA Mention: Education Dept. Will Use Lengthy Process to Restore Student-Debt Accountability

"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."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 5/20/2021

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