Senators Launch Revenge Tour on Colleges Leaving Graduates Jobless and Broke
KEY POINTS
- •Sens. Elizabeth Warren and Dick Durbin reintroduced legislation to strengthen accountability in federal student aid programs.
- •Between 2021 and 2024, 1.7 million borrowers were defrauded by accredited schools, prompting calls for reform.
- •The Education Department's changes to accreditation include free speech rules, drawing criticism for overreach.
In a dazzling display of political déjà vu, Sens. Elizabeth Warren and Dick Durbin dusted off and reintroduced the 'Accreditation Reform and Enhanced Accountability Act' to slap some responsibility on colleges bleeding students dry. Their wake-up call targets the trillion-dollar game of student loans, where 1.7 million borrowers between 2021 and 2024 found themselves hoodwinked by schools waving federal aid like a get-rich-quick banner. The bill craves guidelines that spy on how much debt students accumulate versus the paycheck they wrestle postgrad. Meanwhile, the Education Department threw in a spicy twist by tossing 'free speech' policing into school accreditation, which led negotiators to collectively facepalm since that's about as relevant as a screen door on a submarine. Amid brutal staffing cuts at Education HQ — which famously targeted data collectors tracking these aid wolves — lawmakers insist it’s time accreditors stop ghosting fraud investigations like bad Tinder dates. Nicholas Kent, the department’s undersecretary, dreamily assures us these reforms will 'restore confidence' in a system about as reliable as a mechanical pencil in a hurricane. So buckle up, America, your diploma might soon come with a warning label.
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(1 of 3)Source: Businessinsider | Published: 7/21/2026 | Author: Ayelet Sheffey