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In truth, the Division just withdrew authorization for the accreditor that oversaw schools responsible for some of the worst for-profit scandals. The agency will also propose a rule to hold career programs accountable for leaving their graduates with mountains of debt they cannot repay, a rule the previous Administration repealed. Borrowers working in public service are entitled to earn credit toward debt relief below the Public Service Loan Forgiveness program. But since of complicated eligibility restrictions, historic implementation failures, and poor counseling provided to borrowers, lots of borrowers have not received the credit they deserve for their public service. Shield future students and taxpayers by reducing the expense of college and holding schools accountable when they hike up rates.
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