Reply to Concerns That New Department of Education Earnings Test Could Undermine Arts, Public Service Degree Programs

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[quote=Anonymous][quote=Anonymous]I understand concern about debt, but the rule proposed actually has nothing to do with debt. It focuses entirely on whether the program has an "earnings premium," meaning whether it enables students to make more money than if they'd never gone to college at all. Teaching is very relevant to this. It requires a college degree, it can pay well enough to pay off modest loans, but it might fail that test in some places.

There was a previously existing rule (it didn't apply to most colleges) that DID focus on debt, looking at whether the average debt to earnings ratio for graduates was sufficient to pay back the debt. Applying that rule universally would actually address concerns about debt, but this doesn't do that.[/quote]
+1 - exactly.  This isn't about debt.

And not everyone who take out loans is fully financing their education with loans.  It might be the difference between being able to go or not, but still not be six figures in debt when they graduate.  This is an on/off switch, not a dial. [/quote]

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