Caveat Emptor, latin for "buyer beware", has been the pretty common rule to consumers when facing particularly "too good to be true" offers from purveyors of pretty much everything.
During his tenure, President Obama recognized that the profit motive did not ensure that for-profit colleges had integrity and sought to ensure that their students would be ready-to-work and have a good shot at getting a job AND might not be bankrupt in their effort. So, "the Obama Administration drafted the rule, known as the “gainful employment” provision, to crack down on career-education schools, many of which operate as for-profits, if students graduate without meaningful job opportunities and with debts they cannot pay off....f a program graduated students with too much debt in relation to their earnings for several consecutive years, federal aid would have been cut off to those schools, essentially shutting them down."
Today, the Trump/Betsy DeVoss Adminstration, (it should not go unnoticed that buyers of Amway products and the Amway pyramid sales scheme face the caveat emptor rule) announced its plan to repeal this education rule as of course one of those many burdensome challenges that reaps no "win" for the for-profit sector as well as every risk for those who might be students. Hence, caveat emptor.
The important difference between the for-profit and nonprofit schools is that the folks with the biggest opportunity for a "win" no matter what the result for a student is the school owners. Over at the nonprofits, volunteers govern and get no personal gain. The motive to ensure student success is the only driver for the nonprofit board.
That we have a Federal administration that is only a champion of the "owner" who is only champion of themselves - SAD and misguided. That we are systemically being spun back to a time where the consumer is only a second thought to profits - very SAD. Swiftly diminishing is the government "by the people and for the people." At least the nonprofit sector, while it is still functional, has for the most part, not lost sight of this core value.