With little more than a month until the Trump Administration takes power, the Department of Education has stood by its September decision to withdraw recognition of the Accrediting Council for Independent Colleges and Schools, according to this morning's news reports.
What does this mean? Most significantly it means that for-profit universities must either find another accrediting agency that is recognized by the DOE or give up on federal student-loan money... essentially a death knell, as the demise of Corinthian Colleges and ITT demonstrated recently.
No doubt the for-profit sector of higher ed is expecting billionaire Betsy DeVos, Trump's choice for Education Secretary --- noted for her advocacy of privatization in the K-12 environment --- to be their salvation.
This is the story to watch in the weeks and months ahead.
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