The government threatens to cut aid to schools whose degrees don't pay off
The Department of Education is threatening to end federal aid to 42% of eligible colleges and universities for missing required deadlines to document the value of their degrees.
TL;DR
- The Department of Education may cut federal aid to 42% of eligible colleges and universities.
- The reason for the potential aid cut is missing required deadlines.
- The deadlines were for documenting the value of degrees.
- This action signals a focus on the financial return and accountability of higher education institutions.