Under a new federal rule, colleges must leave grads better off or lose financial aid

If an undergraduate program's graduates don't earn more than workers who never went to college, that program could be cut off from federal student loans.

"Earnings is only a small piece of that puzzle," said Lee Ann Scotto Adams, executive director of the Strategic National Arts Alumni Project (SNAAP), a nonprofit that studies the careers of arts graduates.
She and Doug Dempster, the president of SNAAP, worry the new test might lead colleges and universities to preemptively slash low-earning creative arts programs in music, theater, studio art and design. Dempster says that could lead to a further devaluing of jobs that are critical to a well-functioning society.
"We know we need nurses. We know we need journalists. We know we need early childhood educators," he said. "We don't know how many artists we need, but I can guarantee that if you eliminate access, we will impoverish our cultural life nationally."