Obama announces plan to investigate colleges accused of fraud

The White House announced a plan Monday to expand the federal government's ability to investigate and discipline colleges accused of fraud, The Wall Street Journal reports. President Obama seeks $13.6 million from Congress, which would factor into the fiscal year 2017 budget.

Under the plan, the Education Department is forming a Student Aid Enforcement Unit to broaden the types of investigations the federal government already does. It's considered part of the administration's promise to aid Americans grappling with student debt.

Both public and private schools will be subject to investigations for deceiving students with false promises.

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