All schools of higher education will face stricter requirements for proving that certain certificate programs lead to better employment opportunities for graduates under a finalized federal rule, YahooFinance.com reported. If they can’t prove their worth, the schools will lose access to federal student aid. The Biden administration this week reinstated a stricter gainful-employment rule, toughening one accountability metric and adding a new one to better gauge a school’s ability to improve its students’ earnings potential after graduation. The rule applies to certificate programs at all institutions, including public and private nonprofit colleges — a change from the previous rule that only applied to for-profit schools. Additionally, all schools will have to provide prospective students with a new financial value transparency framework that outlines the actual costs to get a degree from that institution and the financial outcomes students can expect.
