Education secretary takes aim at low graduation rates while student debt is rising fast
Education Secretary Arne Duncan is preparing to unveil a package of proposals aimed at forcing colleges that receive federal money to improve graduation rates and to provide students with job skills. The proposals will be aimed at accreditors, the not-for-profit agencies that must give their seal of approval so schools can take part in the federal student-loan system. The overhaul effort comes as student debt has climbed to $1.2 trillion, but graduation rates remain not much better than a “coin toss,” Mr. Duncan has said.
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