Are New Regulations on Higher ED on the Horizon: Education Reform Act

Under the new administration’s deregulation policy, the manufacturing and service industries seem to work great as shown by the DOW.  New regulation or deregulation are also introduced in the higher ed.  As previously known, any public policy changes will not satisfy everybody.  Both sides seem to have legitimate reasons to oppose or support the proposed new rule.  The focus on this article is not to argue which one is better.  Rather to frankly ask how higher ed institutions will be able to navigate around it?  There is time laps before newly approved policy changes take into effect.  Therefore, there is time for institutions to adjust or prepare themselves.  However, the direction of the adjustments need to be studied carefully, and based on the results of many, but finite options, institutions then make an optimal choice, given its conditions.  First generation of IRI which gained popularity after it was introduced to the public in 2013 by the Association may no longer be an appropriate approach under such uncertainty.  Therefore, we have introduced and shared to the American public the second generation of IRI championed by stochastic simulation.  If the Foxx and Guthrie’s Education Reform Act becomes the law of the land, it surely will have chain reaction effects to many players.

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