🌐 Global Economy 16h ago · Alex Tabarrok

Trump Administration Limits Predatory Lending in Education

Marginal Revolution
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The New Republic writes “President Trump is banning students majoring in degrees that don’t make enough money from taking out college loans.” Yes, but do note that no student is banned from any major and the lending rule is mild. Undergraduate programs must show:
that their graduates earn more than the typical high school diploma holder…[and] graduate programs will be required to demonstrate that their graduates earn more than the typical bachelor’s degree holder. (emphas

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