"The Biden Administration's regulation was over broad as it required all private institutional owners, including at faith-based colleges, to sign program participation agreements,"
"Here's the reality: When you come to the table prepared with smart and dedicated people that are focused on a clear goal, you can move quickly and intentionally without sacrificing the thoroughness and the careful deliberation that this process deserves,"
The new accountability metric, set to take effect in July, could eventually cut failing programs off from all federal student aid funds-an enhanced penalty that appeared key to the committee reaching consensus Friday. Before the compromise, programs that fail the earnings test would only have lost access to federal student loans. Under the proposal, college programs will have to show that their graduates earn more than a working adult with only a high school diploma.
The 13-member panel, comprised largely of state officials, think tank researchers and higher ed lawyers, spent the last four days negotiating the rules of a new college earnings test called Do No Harm-which applies to all degree programs-as well as changes to the existing gainful-employment rule, an accountability metric that only applies to certificate programs and for-profits. The department's proposal, which aligns the two accountability
The government ran out of money to pay its bills on October 1 after Democratic and Republican lawmakers failed to reach a funding agreement. This means that each federal agency's shutdown contingency plans, which include furloughing thousands of federal employees, closing national parks, and delaying grant disbursements, are now being rolled out. For the Department of Education, the shutdown will slow down the work of an already stripped-down agency.
