The Obama administration released new rules today in hopes of reining in runaway student debt. They’re called gainful employment rules. The idea is to crack down on college programs that make a lot of money through federal student loans but don’t do much to train students for the workforce. The rules will hit the for-profit college industry the hardest. But critics say the new regulations don’t go far enough.
Cracking Down on For-Profit Student Debt
- Anthony Carnevale - Georgetown University