The day after Donald J. Trump secured a victory in the U.S. presidential election, Wall Street traders voted with their money. Among the winners were some of the nation’s largest for-profit college companies, such as Bridgepoint Education Inc., Career Education Corp., and DeVry Education Group Inc., which all saw big gains in their share prices.
The markets were sending a clear message that they expect Mr. Trump to limit or end the Obama administration’s heavy regulatory focus on proprietary colleges. Policy experts pointed to several areas where the new president could significantly lower the level of federal scrutiny of for-profit colleges, such as seeking to change the “gainful employment” rules around students’ earnings after graduation and allowing a controversial accreditor of proprietary colleges to continue to operate.
A rollback of higher-education regulation could also give traditional public and nonprofit private colleges some relief from government oversight, including newly issued requirements for teacher preparation and yet-to-be-released rules on state authorization of distance-education programs.
Read more at The Chronicle of Higher Education: https://www.chronicle.com/article/Regulatory-Relief-Under-Trump/238380
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