The extraordinary demise of Corinthian Colleges, the ITT indictments, and related setbacks in the for-profit sector of higher education signal a game change in our industry.
http://www.huffingtonpost.com/2015/06/15/corinthian-college-debt_n_7565318.html
The scary question for folks like me, who work in the non-profit private arena is "Will we be next?" Some signals from the Department of Education suggest to me that at best we are on our own, at worst we will see ever greater intrusions into our autonomy. Heavily regulated by hardly supported may be the new policy in DC.
The attempt to turn all our campuses into mirror images of the criminal justice system, when sexual assault is the issue, is one strong indicator. Add to that the regulatory upswing that I and other counsel have experienced during the six and a half years of the Obama administration is another. The drying up of research funding is yet a third.
On the other hand, the DOE's emphasis on gainful employment and competency based education makes perfect sense to me. Relief for students with heavy loan debts, especially, when they have in essence been defrauded, is highly commendable.
But other regulatory initiatives by DOE and other branches of the federal bureaucracy are over zealous and misguided in my opinion.
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