reinstating the rule until July 2024 at the earliest, with a spokesperson saying at the time that the"administration is committed to preventing a future student debt crisis by holding colleges and universities accountable if they leave students with mountains of debt or without good jobs."
While the department's proposal for the rule is expected in April, lawmakers and advocates want it put in place quickly to once again have a safeguard for student-loan borrowers as they enroll in programs they might not be able to pay off. In February, Massachusetts Sen. Elizabeth Warren and Vermont Sen.
Along with reinstating gainful employment, lawmakers and advocates have also called for the executives of for-profit schools to be held liable for costs when the school shuts down, rather than taxpayers and borrowers. That's something the department has already made headway on — last month, iton putting a rule in place to allow the Education Secretary to hold executives financially liable for the cost of unpaid debts defrauded students took on.
' useless ' degrees ?