In a sweeping move to exert greater control over the American higher education system, President Donald Trump on Wednesday signed an executive order aimed at tightening standards for college accreditation -- a critical requirement for institutions seeking access to billions of dollars in federal student financial aid.
The order, one of seven education-related actions announced during an Oval Office event, was designed to reshape how the federal government determined which colleges and universities were eligible to receive federal student loans and Pell grants, a vital revenue stream for many schools, reported Wall Street Journal.
