by Dana Stein, Marceline White

During this year’s legislative session, the Maryland General Assembly passed a bill to increase oversight of Maryland’s for-profit colleges. The bill didn’t just create tougher standards for for-profit schools, it also established a guaranty fund meant to reimburse Marylanders who were attending colleges that closed.

But because it didn’t go into effect until Oct. 1, its protections may be too late to help Maryland students who attended the now-defunct ITT Technical Institute, which closed in early September.