Holding executives responsible

From Inside Higher Ed: “In the Education Department’s latest move to ramp up oversight of for-profit colleges, it outlines its authority to hold individuals who control risky institutions financially responsible. The guidance also applies to private non-profit colleges. … Department officials said the guidance, which requires those who ‘exert significant control’ over private institutions to assume personal liability, is aimed at the riskiest institutions as well as intended to protect students and taxpayers. Associations representing nonprofit and for-profit private institutions said the guidance was an overreach, exceeding the department’s authority.”

View the full article from Inside Higher Ed.

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