Forgettaboutit!  No Rules for For-Profit Colleges

I am really wondering when we will begin to see so-called Presidential rule-making that will truly Make America Great Again?  I thought maybe it will be in the ways we can make college more affordable for eager young Americans and their families.  What was I thinking?  Instead, we seem to be back to the old “buyer beware” mentality.  What a concept!  If you want a higher education degree, just go online and send in your money and you too can join the ranks of those diploma-holders from America’s higher education institutions.  But what if you really get nothing in return except a diploma that does not actually mean much in our competitive economic environment.  

The Trump administration is delaying rules developed during the Obama years that would put an end to predatory lending practices at the higher education level that were identified and outlawed prior to the change in administrations. Some states have challenged this action by the Education Department to halt this regulatory process.  Maura Healey, the Massachusetts attorney general, called the delay a violation of federal law and a “betrayal of students and families across the country who are drowning in unaffordable debt.”  She said she would challenge it in court.  She’s right!

So what will actually happen?  Maybe nothing, and that would let predatory lending go scot-free.  That would truly be a tragedy for the American educational system.

Ray Myers

P.S.  I will be back online next Friday, 6/23.  A little late spring break!