Biden administration cherry picks data, targets private colleges with updated rule
Jillian Schneider
October 6, 2023
The U.S. Department of Education is updating its rules ostensibly to protect Americans from excessive student debts. But the rule actually targets private colleges while public universities are off the hook.
The Biden administration announced Wednesday it would be providing new “safeguards” for college students in the form of a Gainful Employment (GE) rule and a Financial Value Transparency (FVT) framework.
“We are fixing a broken system and making sure that students know before they take out loans, when college programs have a history of leaving graduates with high debts, low earnings, and poor career prospects,” said U.S. Secretary of Education Miguel Cardona in a press release. “The Biden-Harris administration believes that when students invest in higher education, they should get a solid return on their investment and a greater shot at the American dream.”
