Betsy DeVos rolls back regulations holding for-profit colleges accountable
“Taxpayers and striving would-be students alike lost big on Wednesday. Twice. The federal government will abandon two signature efforts to hold for-profit colleges accountable to the taxpayers who fund them or the Americans who take out loans to attend their classes, Education Secretary Betsy DeVos announced. DeVos has canceled a pair of new regulations intended to thwart firms that over-promise and under-deliver on higher education credentials marketed primarily to lower-income adults eager to trade low-wage jobs for long-term careers. The move comes two months after DeVos rescinded another Obama-era policy aimed at protecting student loan borrowers from predatory debt servicers.”