College programs that consistently leave graduates with low pay or unaffordable loans will lose access to federal money under a new rule being finalized by the Biden administration. The policy applies mostly to for-profit colleges, along with certificate programs at traditional universities.
The Education Department says it's a step toward accountability for America's higher education system. The rule, known as gainful employment, was proposed in May and revives an Obama-era policy dismantled by the Trump administration.
