The U.S. Department of Education announced new transparency measures for college accreditors today, encouraging the organizations to focus more on student outcomes such as graduation rates. As part of a series of legislative recommendations, the agency also called on Congress to give it the power to set standards for how accreditors measure student achievement.
In a letter, MA Sen. Elizabeth Warren questions why the U.S. government is backing expensive private student loans. "It is deeply worrisome," Warren writes, "that the Federal Home Loan Banks may be undermining their mission by extending billions of dollars in cheap credit to private student lenders."
It's been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief — and in student debt. At last, the bereaved father is getting some resolution.