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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.

Across the country, academies have been plagued by allegations of financial impropriety, conflicts of interest and even corruption. Unlike schools under local authority control, academies are responsible for their own financial management. Although this means that developing good corporate relations is essential, many have ended up without a proper framework for transparency and accountability. A 2014 report for parliament claimed that “conflicts of interest are common”, adding: “There is a broader sense that the academy system lacks transparency.”

National Accountability Bureau (NAB) officials have started collecting evidence pertaining to alleged corruption and financial mismanagement of at least Rs 4 billion in the Prime Minister’s Education Reform Programme. The former prime minister had given at least Rs 4 billion to improve the conditions of 423 federal public educational institutions that come under the purview of the Capital Administration and Development Division (CADD) through the Prime Minister’s Education Reform Programme. Corruption and financial mismanagement has allegedly been done in funds allocated for paint jobs, furniture procurement, and construction and renovation projects.