The Treasury Department has a key power to collect the debt as its agency includes the Internal Revenue Service. The IRS wields the power to garnish up to 15% of a delinquent borrower's paycheck.
The Higher Learning Commission's endorsement marks the first time an accreditor has formally verified the quality of a third-party short-term credential provider.
Federal student loan rules for graduate school borrowers are changing for the first time in nearly two decades, and the effects are causing a hard reckoning for current university business models.
