Campus shuttering in Milwaukee creates momentum for Wisconsin for-profit regulation
- Wisconsin is quickly gaining importance in the push for for-profit education regulation, with current momentum fueled by the shutdown of a Milwaukee Everest College campus less than two years after it was opened.
- The city council in Milwaukee will vote this week on an ordinance that, if passed, would place much more strenuous requirements on for-profits that must be met in order to receive city money, like real estate subsidies for private developers.
- Additionally, the Educational Approval Board, which oversees for-profits in the state, may establish minimum standards for completion and job placement, not unlike the U.S. Education Department's proposed "gainful employment" rules.
From the article:
Taken together, it sounds like for-profits will face a chilly welcome if they try to expand in Wisconsin. And the state is one of several that have increasingly pursued tighter rules for the sector. The attorney general in Massachusetts, for example, recently expanded an investigation into for-profits' lending and recruiting practices. ...
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