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As part of its drive to clamp down on excessive tutoring and elite private schools that prepare students for the best universities, the South Korean government has ordered almost a dozen universities to revamp their admissions tests to bring them more in line with the normal high school curriculum. The ministry of education has said it will look into punishing the universities who have violated the regulations, including a partial ban on recruiting students for the 2019 academic year. Meanwhile, the Korean Council for University Education found that more than 1,500 college admission essays submitted to universities last year were suspected of being plagiarised.

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.

Calls for greater government action have been made as university students have emerged as prime targets for Ponzi scheme fraud. This after at least 4,000 students from one university were threatened with expulsion after they diverted their tuition fees worth a total of US$6.5 million into an online Ponzi scheme which has since suspended its operations without explanation. At Osun State University over 4,000 students were served with notice that they may be expelled from the university if they failed to pay, by the end of February, all outstanding tuition fees. At a time of severe economic recession, the loss of the investment adds pressure on parents, many of who are victims of Nigeria’s massive unemployment rate.