Education Department Guidance Could Harm Colleges That Rely on OPMs, Moody’s Says

The U.S. Department of Education’s plans to more strictly regulate companies that help launch and run online programs could harm colleges that heavily rely on these vendors, Moody’s Investors Service warned Thursday. Moody’s expects the guidance to create heavier administrative burdens and greater expenses for colleges with large OPM contracts. It called out two schools as examples — Arkansas State University and Grand Canyon University, a private Christian institution in Arizona.