Money Derails Efforts to Hold For-Profit Colleges Accountable for Graduation Rates and Employment Outcomes

Committee tasked with creating standards for for-profit colleges folds under industry pressure. (Wisconsin State Journal, 3/24/2013)

Or, as softened by the front-page print headline, "Accountability effort on hold".

So which is it, guys.  "Fold", as in to bring to an end, or "on hold", a state or period of indefinite suspension"?

Education Approval Board (members and meetings)

March 19, 2013, agenda

 Page 1 of Tab 7

For-Profit Colleges Spending Millions on Lobbying, Nearly $40 Million Since 2007.  (Huffington Post, 8/30/2012)

Excerpt:   For-profit colleges have been at the center of investigations by the Senate and Government Accountability Office, revealing deceptive and predatory recruitment practices. For-profit colleges have collected $32 billion from the federal government through programs like Pell Grants, while many students failed to graduate.

Donors to Romney super PAC have ties to for-profit colleges. (USA Today, 3/28/2012)

Excerpt: For-profit colleges and individuals with ties to them have donated $430,000 to a super PAC spending millions of dollars to help elect Republican Mitt Romney to the presidency — as the industry faces intense federal scrutiny over recruitment practices, educational quality and the amount of debt its students incur.