By Allen Young
Lawmakers are considering legislation that would seek to improve the regulatory structure around private nonprofit and for-profit colleges.
For decades, for-profit colleges have struggled under allegations of poor quality and weak regulation. The ongoing argument is that the sector takes a disproportionate amount of federal financial aid dollars and produces more than its share of students who default on those loans.
In 2009, lawmakers approved the most recent iteration of a regulatory platform for private colleges operating in California.