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U.S. Department of Education Finalizes Regulations to Protect Student Borrowers, Hold Higher Education Institutions Accountable and Save Taxpayers $11.1 Billion Over 10 Years

WASHINGTON—Today, the U.S. Department of Education finalized regulations that will protect student borrowers, hold higher education institutions accountable and provide financial protections to taxpayers. The Institutional Accountability regulations, posted on the Department's website today, come after more than two years of deliberations, public hearings, negotiated rulemaking with a wide variety of higher education stakeholders and careful consideration of tens of thousands of public comments.