No More Federal Help For Low Earning College Grads
Some college programs whose graduates earn less than workers with only a high school diploma could lose access to federal student loans under the Republicans' "big, beautiful bill" act, a change that could impact about 40,000 U.S. college students, according to a recent analysis.
About 2% of U.S. associate and bachelor's degree-granting programs are at risk under the new provision, called "do no harm," which takes effect in July, according to research from the HEA Group, a higher-education research firm.
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"There is a piece of law that states that each and every degree program should now be required to demonstrate that the majority of their graduates earn more than a high school graduate," Michael Itzkowitz, president of HEA Group, told CBS News. "There is an intuitive understanding that if you go to college, you should make more than someone who doesn't go to college."
The "big, beautiful" act measures earnings four years after students get their degree, comparing graduates' pay with that of a typical high school graduate. Programs that fail the test in two of three consecutive years could be barred from using federal student loans to finance students' education.
https://www.cbsnews.com/news/college-low-earnings-student-loans-do-no-harm-obbba-analysis/
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“About 8% of studio and fine arts programs at four-year colleges around the U.S. are at risk of failing the new earnings test — the largest share of any bachelor's degree major, according to a Jan. 15 analysis from the American Enterprise Institute, a nonpartisan think tank.”
