Democratic presidential candidate Bernie Sanders speaks during the SC Democratic Convention in Columbia, South Carolina, U.S., June 22, 2019.  REUTERS/Randall Hill
PHOTO: Randall Hill/Reuters
Democratic presidential candidate Bernie Sanders speaks during the SC Democratic Convention in Columbia, South Carolina, U.S., June 22, 2019. REUTERS/Randall Hill
Now playing
01:59
How Sanders plans to erase $1.6 trillion in student debt
Senior Advisor to the President Jared Kushner  attends a press conference on September 4, 2020, in the Brady Briefing Room of the White House in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
PHOTO: BRENDAN SMIALOWSKI/AFP/AFP via Getty Images
Senior Advisor to the President Jared Kushner attends a press conference on September 4, 2020, in the Brady Briefing Room of the White House in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
Now playing
02:50
Jared Kushner disappears from Trump's inner circle
psaki
PHOTO: CNN
psaki
Now playing
00:56
Psaki fires back at Trump testing czar over vaccine claims
PHOTO: CNN
Now playing
03:04
Avlon: Pence's op-ed is 'way worse than Stockholm syndrome'
PHOTO: CNN
Now playing
01:35
See what security looks like outside US Capitol
PHOTO: Gov. Cuomo's office
Now playing
03:35
Gov. Andrew Cuomo addresses women's allegations
Cuomo
PHOTO: Gov. Cuomo's Office
Cuomo
Now playing
00:56
Cuomo says he has no plans to resign
Now playing
04:51
Elected Republican who supports Biden's bill speaks out
President Joe Biden speaks during a meeting about cancer in the Oval Office of the White House, Wednesday, March 3, 2021, in Washington. (AP Photo/Alex Brandon)
PHOTO: Alex Brandon/AP
President Joe Biden speaks during a meeting about cancer in the Oval Office of the White House, Wednesday, March 3, 2021, in Washington. (AP Photo/Alex Brandon)
Now playing
01:20
'Neanderthal thinking': Biden on states lifting mask restrictions
PHOTO: CNN/Getty
Now playing
02:10
'Highly misleading at best': Dale reacts to Pence's op-ed
Commanding General District of Columbia National Guard Major General William J. Walker testifies before the Senate Homeland Security and Governmental Affairs/Rules and Administration hearing to examine the January 6, 2021 attack on the US Capitol on Capitol Hill on March 3, 2021 in Washington, DC. (Photo by Greg Nash / POOL / AFP) (Photo by GREG NASH/POOL/AFP via Getty Images)
PHOTO: GREG NASH/POOL/AFP via Getty Images
Commanding General District of Columbia National Guard Major General William J. Walker testifies before the Senate Homeland Security and Governmental Affairs/Rules and Administration hearing to examine the January 6, 2021 attack on the US Capitol on Capitol Hill on March 3, 2021 in Washington, DC. (Photo by Greg Nash / POOL / AFP) (Photo by GREG NASH/POOL/AFP via Getty Images)
Now playing
03:01
DC National Guard commander: 'Unusual' Pentagon restrictions slowed response to Capitol riot
FBI Director Christopher Wray testifies before the Senate Judiciary Committee on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC on March 2, 2021. (Photo by MANDEL NGAN / POOL / AFP) (Photo by MANDEL NGAN/POOL/AFP via Getty Images)
PHOTO: MANDEL NGAN/POOL/AFP via Getty Images
FBI Director Christopher Wray testifies before the Senate Judiciary Committee on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC on March 2, 2021. (Photo by MANDEL NGAN / POOL / AFP) (Photo by MANDEL NGAN/POOL/AFP via Getty Images)
Now playing
02:55
Watch FBI director debunk conspiracy theories pushed by Trump supporters
abrams
PHOTO: CNN
abrams
Now playing
00:51
Abrams on voting rights: We're fighting to protect our democracy from domestic enemies
Goya Foods President Robert Unanue speaks at a press conference with Carlos Vecchio, the Venezuelan Ambassador who is recognized by the United States on December 21, 2020 in Doral, Florida. The two held the press conference to discuss details of a recent shipment of humanitarian aid to Venezuela, donated by Goya Foods. (Photo by Joe Raedle/Getty Images)
PHOTO: Joe Raedle/Getty Images
Goya Foods President Robert Unanue speaks at a press conference with Carlos Vecchio, the Venezuelan Ambassador who is recognized by the United States on December 21, 2020 in Doral, Florida. The two held the press conference to discuss details of a recent shipment of humanitarian aid to Venezuela, donated by Goya Foods. (Photo by Joe Raedle/Getty Images)
Now playing
03:24
Goya CEO under fire for false Trump election claims
Rep. Adam Kinzinger (R-IL) speaks to CNN's Alisyn Camerota about why he thinks that the Republican Party will move on from former President Donald Trump.
PHOTO: CNN
Rep. Adam Kinzinger (R-IL) speaks to CNN's Alisyn Camerota about why he thinks that the Republican Party will move on from former President Donald Trump.
Now playing
02:03
Kinzinger: Trump is a loser and we will move on
Now playing
04:17
NYC mayor says Gov. Cuomo should resign if allegations are true
(CNN) —  

Education Secretary Betsy DeVos is rescinding an Obama-era rule that was created to protect students from abusive for-profit colleges.

The rule, known as Gainful Employment, required for-profit colleges and career certificate programs to post debt-to-earnings ratios, proving that their students could find good-paying jobs upon graduating. If the average ratio did not meet government standards, the school’s federal funding would be revoked.

The Department of Education outlined a number of reasons the regulation was flawed in a notice posted Friday. It said the rule failed to account for factors other than program quality that could affect a graduate’s earnings.

DeVos has also criticized the rule for not requiring all nonprofit colleges to also publish the data. In May, the department released new student loan data at the program level from nonprofit colleges, as well as certificate-granting programs.

Consumer advocates slammed DeVos on Friday for rolling back the student safeguard.

“Again and again, Secretary DeVos proves she only cares about protecting for-profit colleges, no matter how many students they swindle,” said Aaron Ament, president of the National Student Legal Defense Network.

DeVos has been widely criticized by Democrats for hiring department officials with ties to the for-profit industry.

The secretary attempted to roll back another Obama-era rule on for-profit colleges, which allows students defrauded by their schools to seek loan forgiveness. But a federal judge – siding with Democratic attorneys general from 18 states and the District of Columbia – ruled that DeVos’ freeze was “arbitrary and capricious” and ordered immediate implementation of the rule in October.

Still, claims for loan forgiveness had added up while the Department of Education fought the lawsuit in court. More than 150,000 people are waiting to hear if their debt will be canceled, and DeVos was sued again over the delay earlier this week.

The Department of Education froze the Gainful Employment rule about two years ago, and it has since been under review. It was never in effect long enough to result in any cuts to funding, but schools had published the data in 2017, before DeVos was sworn in. At that time, about 800 programs serving hundreds of thousands of students failed the accountability standards.

Together, the two rules were an important part of the Obama administration’s crackdown on for-profit colleges like Corinthian and ITT Tech, which were accused of defrauding students and eventually shut down.

The Education Department did not immediately respond to a request for comment.

CNN’s Gregory Wallace contributed to this report.