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Immediately after the President was elected, borrower advocates and lawmakers expressed concern about what would happen to the current regulations aimed at holding for-profit colleges accountable. On Tuesday, their concerns were validated. The Education Department announced that it would delay and renegotiate two of the previous administration’s signature regulations: the first aims to penalize programs whose graduates’ loan payments exceed a set percentage of their earnings, while the second simplifies the process for borrowers who say they have been defrauded by their colleges.

A secret report by Ernst & Young into credit card use at Murdoch University has revealed its four most senior academics racked up almost AU$1 million (US$753,000) in expenses in two years. Murdoch refused to release the document until The Australian won an appeal to the West Australian Information Commissioner, arguing that the report was in the public interest as it involved the use of taxpayers’ funds. The revelations come after Western Australia’s Corruption and Crime Commission last year described Murdoch’s financial controls over corporate credit cards as “lax” and found that the parameters of card usage were “extremely broad”.

Universities across the country may now have to resort to cashless means like bank transfers, cheques and credit/debit cards while making use of periodic funds from University Grants Commission (UGC). The commission said the move was in order to bring in accountability, transparency and seamlessness in the process of transfer of grants. The commission said it has virtually made payments cashless and decreased the interface between stakeholders and employees of the organisation.

Education Minister wants to make universities more accountable for how they spend their money after it was revealed billions of dollars a year are redirected from teaching to research. A report by the Grattan Institute found that universities report the $26 billion they spend each year in an "opaque" way, concluding: "Australia needs a more transparent system for reporting how universities spend their money."