While the Obama Administration didn’t solve all the problems associated with the for-profit college industry, it successfully created new rules intended to help rein in the worst-performing schools and to protect taxpayer dollars, NBC News reports.
Now, the Trump Administration is trying to overturn those rules — and veterans and low-income Americans are the most at risk. Education Secretary Betsy DeVos has begun a months long process to unwind the Obama-era rules, easing oversight of for-profits’ use of tax dollars and protections for defrauded students.
“Instead of targeting schools simply by their tax status, this administration is working to ensure students have transparent, meaningful information about all colleges and all programs,” DeVos said last year, announcing plans to overturn the rules. DeVos did not respond to an NBC interview request.
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In response, House Financial Services Committee Chair Maxine Waters, D-Calif., told NBC News she plans to introduce two bills ending the incentives given to for-profit schools to recruit military members and veterans.
“I am absolutely concerned. We may be going back to the worst of times with this industry” when minorities, poor people and veterans were the targets, Waters said.