Watchdog that oversees the flow of billions of dollars to colleges is shut down

A controversial college watchdog that critics say allowed bad actors to operate unchecked just received a potentially fatal blow from the feds.

The Department of Education announced Thursday that it was terminating the recognition of the Accrediting Council for Independent Colleges and Schools (ACICS), a private organization that oversees more than 200 schools, which at one time included the now-defunct ITT Technical Institutes and Corinthian Colleges. The Department’s decision comes after several months of complaints from critics, including Massachusetts Senator Elizabeth Warren (D-Mass.), who said ACICS allowed some for-profit colleges to continue to operate with few, if any, restrictions even as questions mounted about their conduct.

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