The Education Department’s proposed regulations would give the secretary more discretion to yank an institution’s eligibility for federal financial aid. Institutions are worried about unintended consequences. The Education Department wants to give students more information about all types of college programs, a move that supporters say is significant and a step forward. Under the plan, the department would report more data about all programs on students’ debt loads and earnings and could potentially use that information to revoke an institution’s eligibility to access federal financial aid. Colleges and universities generally support the new transparency requirements but say the other aspects are vague and subjective.
