The latest study from the New American Foundation, released today, found that about 40% of the more than $1 trillion in outstanding student loans went to finance graduate and professional degrees. And thanks to changes in repayment terms, the federal government is likely to end up bankrolling many graduate degrees.
Regulations proposed Friday will crack down on programs with low graduation rates and high student debt. Many of those are at for-profit schools like the University of Phoenix and Everest College, which get huge chunks of their revenue from federal dollars.
The Department of Education’s “Negotiated Rulemaking” could set in place rules that could drastically change the business of higher education finance company Higher One.
The “Kids’ Zone” of the National Center for Education Statistics (NCES) website, part of the Department of Education’s Institute of Education Sciences, quotes communist leader Mao Zedong. The NCES is the“primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.” Update: The quote has been removed and the Department of Education has issued a statement.