Should the regulations demand for-profits to drastically increase educational quality by better preparing students to enter the job market or risk losing access to federal loans, the sector could drive innovation in online eduction that would permeate through the entire higher educational landscape.
"This is healthy intervention for the for-profits. It might be painful now, but will help the sector down the road," Garrett says. "If the [regulations are strict] it could turn for-profits into a more formidable sector, but that's a big 'if.'"
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