The Trump Administration is set to waive an ethics law that protects veterans from predatory for-profit colleges. The VA recently announced it intends to provide a blanket waiver of a law Congress passed to prevent corruption in programs that provide education benefits for veterans.
The Trump Administration has also shown its intention to rollback a number of regulations imposed during the Obama Administration. In June, for example, Education Secretary Betsy DeVos said that she was delaying implementation of rules intended to erase the federal student debt of borrowers who had been defrauded by their colleges. State attorney generals in 19 states then sued her over this decision.
The law in question prohibits anyone working in the department of state approving agencies that administer federal benefits by the GI bill from owning any interest in a for-profit educational institution and from accepting any gifts, wages or anything else from private, for-profit schools.
If the deregulation goes forward, Department employees and state accreditors will be able to own stock in or be employed by the very institutions that Department and state approving agencies are charged with regulating.