College career education programs would once again need to prove they would not saddle students with ruinous amounts of debt under regulatory proposals the U.S. Department of Education released late Wednesday. Institutions that continually fail debt-to-earnings tests under what’s known as the “gainful employment” rule could see their federal financial aid funding pulled. The long-awaited draft regulation — which mirrors a now-defunct rule issued in 2014 — immediately drew condemnations from the for-profit sector that it unfairly targets proprietary institutions.
