Cardona proposes expanded financial data oversight and bringing back gainful-employment rule
The U.S. Department of Education is introducing new avenues to monitor higher education institutions' financial health.
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student debt
Education Department forgives $1.5B in debt for students of defunct Westwood College
Westwood College, which closed in 2015, was found to have "engaged in widespread misrepresentations" about students' potential job prospects.
FTC to send $822,000 to victims of student debt-relief scam
The FTC is returning $822,000 to people who fell victim to a student debt-relief scam that charged upfront fees reaching $1,400.
Education Department to cancel $6 billion in loans to defrauded students
The Education Department reached a proposed settlement with about 200,000 borrowers who attended schools found to have committed misconduct.