Thursday, June 23, 2016

Ed Dept targets predatory, financially risky colleges - Jarrett Carter, Education Dive

U.S. Department of Education officials announced massive monitoring and sanctioning guidelines for colleges and universities posting negative outcomes in student loan defaults and employability. Schools deemed to be "fraudulent" or "financially risky" may have to pay a portion of Title IV funds to the DOE to cover student loan disbursements, will be required to publicly disclose and to inform prospective students of their shaky financial status, and may now be subject to class action lawsuits filed by students and graduates who deem their degrees to be "worthless." Monitoring will be tied to accreditation status, lawsuits filed by individuals or government, and public information.

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