On Thursday, the Department of Education issued its new guidelines, which aims at improving access to higher education.

The new regulations of the department are likely to shut down some for-profit colleges and universities. The Department of Education has revealed that the new regulations are designed to cut off federal aid to schools, whose students cannot earn enough to pay back their loans, as these schools get 90% of their revenue from federally-backed student loans.

These new regulations of the department faced opposition from many for-profit colleges and universities. Harris Miller of the Association of Private Sector Colleges and Universities said that the department doesn’t have the authority to tell for-profit schools that they are too expensive and should shut down. He further added that the department is exploiting the students by making such rules.

The new regulations were announced by Education Secretary, Arne Duncan. He said that the reason behind drafting these regulations is to improve the standard of education. He also said that some of the for-profit schools and universities have played great roles in education sector but it’s important to bring the necessary changes to save funds.