Home News For-Profit Colleges Brace For The Biden Administration – Forbes

For-Profit Colleges Brace For The Biden Administration – Forbes

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For-profit colleges are bracing for the policy changes that are likely to come with President-elect Biden’s Department of Education.

The for-profit college industry has benefited from an administration that has been sympathetic to their interests for nearly four years. In her time in office, Education Secretary Betsy DeVos has rescinded and rewritten regulations from the Obama administration in ways that favor for-profit colleges, reducing accountability and oversight of the companies.

But for-profit colleges are about to enter a new era and can see the writing on the wall. President-elect Joe Biden has pledged to stop for-profit colleges from “profiteering off of students” and has promised to enact policies that hold these colleges accountable. Biden has said he would reinstate the gainful employment rule of the Obama Administration and close the 90/10 loophole the colleges use to avoid federal regulation. And Vice President-elect Kamala Harris likely doesn’t make the industry feel any better given her role in taking on the now-defunct Corinthian College.

Now, the industry is preparing for the new landscape it faces in January. One of the ways they are trying to reposition themselves is by hiring a former Democratic Congressman to lead their primary association and lobbying arm, Career Education Colleges and Universities (CECU).

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