Proposed rules seek to protect students from taking on unsustainable debt.

We are going to start to read a lot about the debt students have been saddled with now that they can't find jobs to pay back the loans. This is an interesting and sobering article on the Department of Education website.

"The median federal student loan debt carried by students earning associate degrees at for-profit institutions in 2007-08 was $14,000 – almost double the median debt for their peers at non-profit institutions. The majority of community colleges graduates during the same time period did not borrow. In addition, while 88 percent of recent borrowers from nonprofit institutions and 80 percent of borrowers from public institutions were able to pay down the balance of their student loans in recent years, only 55 percent of borrowers attending for-profit institutions were able to pay off more than accrued interest."