The Education Department released new rules to protect student-loan borrowers from unaffordable debt.
They also require colleges to be upfront with a student on the amount of debt they'll take on for a program.
AdvertisementAdvertisementPresident Joe Biden's Education Department finalized rules to hold colleges accountable for loading student-loan borrowers up with unaffordable debt.
On Tuesday, the Education Department released its final regulations to strengthen oversight over colleges and enhance protections for student-loan borrowers.
"They will help prevent fly-by-night colleges from leaving students and taxpayers holding the bag for shoddy educations," he continued.
Persons:
—, Joe Biden's, Education James Kvaal, they're, Kelly McManus, Barack Obama's, Donald Trump, Miguel Cardona
Organizations:
Education Department, Service, Joe Biden's Education, Education, Arnold Ventures