The rule is aimed at cracking down on institutions that charge excessive tuition, especially for programs that have little value on the job market.
Like, say, public universities that offer majors in grievance studies?
I’ve long maintained that the Student Loan interest rate should be tied to a student’s major and GPA.
Low grades ? Unemployable area of studies ? 20% interest.
4.0 GPA ? Engineering ? 2% interest. . .
But that, of course, would be decried as “unfair”. . .