At a conference in Reno, NV the Department of Education revealed that they are considering some significant changes to student financial aid. The first is that they would give colleges the authority to limit how much debt a student takes on. This would be done at “experimental” college sites. They claim this would shift some of the burden from the federal government onto colleges. Additionally, they are proposing changes which would allow debt to be converted into an income-share agreement or other private, third-party mechanism. A student could potentially end up owing a percentage of future earnings to a third-party, rather than directly to the Department of Education. They also want to introduce “incentives” for students who progress quickly through their program. While the specifics are still murky, we will continue to monitor the situation.