The recent ruling on student loans malpractices pursued by for-profit colleges show that the country needs a better policy on the student loans program. The Association has pointed out the potential cracks in the whole system. It has urged the administration to established ESCC. Though the academic accountability started to take its shape recently, it seems that there is a lot of homework to be done to cope with financial accountability. Otherwise, the tax payers again have to bail out the cost of the mistakes.