Sen. Elizabeth Warren (D-Mass.) and Dick Durbin (D-Ill.) have reintroduced the Accreditation Reform and Enhanced Accountability Act, reviving legislation they first introduced in 2016 to strengthen oversight of colleges receiving federal student aid by tying accreditation more closely to student debt and repayment outcomes.
The Accreditation Reform and Enhanced Accountability Act would require the U.S. Department of Education to establish new standards for evaluating colleges, including how successfully graduates repay their student loans and whether the debt they take on is reasonable compared with their post-graduation earnings.
