Education Department unveils draft regulations for borrowers seeking federal debt forgiveness, which include an end to mandatory arbitration agreements and requirements for some for-profits to be on the hook to pay for debt relief.
National accreditor ACICS, which faces an existential threat for being too lax with bad actors like Corinthian Colleges, tried to yank its approval of Bristol U, a deeply troubled for-profit. But a judge blocked the accreditor's move.
Hillary Clinton pledges to outdo the Obama administration in cracking down on for-profits. But will her ties to the industry, including the $16.5 million Bill Clinton earned working for Laureate Education, influence her approach?
The Obama administration prods state regulators to tighten their oversight of for-profits, with a focus on job placement rates. But confusion about calculating those rates reigns, and many state agencies are understaffed and outgunned.