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"DeVos has canceled a pair of new regulations intended to thwart firms that over-promise and under-deliver on higher education credentials marketed primarily to lower-income adults eager to trade low-wage jobs for long-term careers. The move comes 2 months after she rescinded another Obama-era policy aimed at protecting student loan borrowers from predatory debt servicers. In the days after Trump won the election, the stock prices of publicly-traded for-profit schools leaped in anticipation of just such action. That same week, Trump himself paid $25 million to settle fraud allegations against his own defunct Trump University. Boo her all you want. When she gets back to the office, she can still open up the taxpayer-funded faucet and play rainmaker for private investors who advertise college-style credentials ."
At thinkprogress.org
