The Education Department says it's still weighing whether to sell off more than $1 trillion in federal student loans, but no final decision has been made. Borrower advocates warn privatization could weaken protections like income-driven repayment and loan forgiveness.

States are advancing new mandates that would increase oversight of public universities, targeting admissions, curriculum, tenure and accreditation. The measures could significantly change how campuses operate.

A new analysis from the Federal Reserve Bank of New York shows that earnings and job prospects vary widely by college major. The report finds higher unemployment in some tech fields and high underemployment in criminal justice and performing arts.