"If a school defrauds students, it must be held accountable. There is no place for fraud in higher education, and it will not be tolerated by this Administration. From the recent college admissions scandal and intentional misrepresentations by schools to boost their U.S. News & World Report rankings to fraudulent marketing practices from proprietary intuitions, too many institutions of higher education are falling short. The new regulations are aimed at preventing this behavior because students deserve better, and all institutions must do better. I called for this regulatory reset more than two years ago, as it became clear the old rules just weren't working. I want to thank all those who provided thoughtful feedback during the process. We made substantive changes to our proposed rule based on your input. We believe this final rule corrects the wrongs of the 2016 rule through common sense and carefully crafted reforms that hold colleges and universities accountable and treat students and taxpayers fairly." Source: U.S. Secretary of Education Betsy Devos