Students have a high bar to prove that they were misled and harmed financially, say consumer advocates.
WASHINGTON—Today, the U.S. Department of Education finalized regulations that will protect student borrowers, hold higher education institutions accountable and provide financial protections to taxpayers. The Institutional Accountability regulations, posted on the Department's website today, come after more than two years of deliberations, public hearings, negotiated rulemaking with a wide variety of higher education stakeholders and careful consideration of tens of thousands of public comments.
Administratorsâ typical argument against divestment â that it would betray âfiduciary dutyâ â is growing weaker as the fossil-fuel sector continues to decline. In fact, divesting may end up saving colleges money.
The National Association for College Admission Counseling sent a message to members saying the government had objected to some provisions, saying they âinhibit, to some extent, competition among colleges for students.â