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EXCERPT:
Key Takeaways
- The U.S. Department of Education proposed a rule to hold colleges accountable for graduates’ earnings, introducing an ‘earnings test’ to ensure graduates earn more than those without a degree.
- Programs failing to meet the earnings threshold, with bachelor’s graduates earning less than high school graduates, would lose eligibility for federal student loans.
- The proposal aims to address rising student debt, emphasizing that taxpayer subsidies should only support programs that yield better outcomes for graduates.