As CLV is a business that serves higher education, it is invaluable to understand and anticipate changes to the federal regulations that impact the operations and finances of institutions of higher education. Federal regulations impose administrative requirements, and can impact enrollment and funding, which in turn, can impact village occupancy and CLV operations. In recent years, government and higher education officials have been critical of the reach and growth of government regulation affecting higher education and the associated administrative burdens.
President Trump has appointed Jerry Falwell Jr., President of Liberty University, to lead a task force to consider and make recommendations related to the deregulation of higher education It is salient to note that Liberty University is the largest private, not-for-profit, university in the US. Liberty is an evangelical Christian school accredited by the Southern Association of Colleges and Schools commission. According to the university website, Liberty’s residential enrollment is 15,000 and another 94,000 students are enrolled in its online programs.
Below is a laundry list of areas of potential regulatory review of which deregulation could impact higher education both positively and negatively:
Campus Safety and Sexual Assault
Federal Funding of indirect (public) institutions and direct aid to students
FLSA Overtime Rule
The prospect of federal deregulation is definitely something to monitor and be aware of as we interact with university partners and residents. Anxiety is often associated with uncertainty and change and an empathic response goes a long way in supporting meaningful partnerships. In addition, deregulation orders may be accompanied with campus protests and demonstrations. Being knowledgeable about the changes and their potential impact will reinforce CLV’s credibility with its partners and contribute to a proactive operational stance.