FROM INSIDE HIGHER EDUCATION: “On Friday, April 17, the Department of Education released its third and final set of regulations related to the One Big Beautiful Bill Act for public comment. This proposal outlines a new accountability metric designed to test the return on investment of each degree program across more than 4,000 colleges and universities. (The previous two—for which public comment has already closed—outlined new graduate student loan caps and an expansion of the Pell Grant for short-term job training programs.)  If the regulations are finalized, undergraduate programs would be required to show that their average graduate earns more than a working adult with only a high school degree. The same would be true for graduate programs, but students’ earnings would be compared to those of a bachelor’s degree holder. Programs that fail the test for two out of three consecutive years would lose access to federal student loans, and in certain circumstances, a program could eventually lose access to the Pell Grant as well.” Read more here.