On this much, Claudine Gay, now the former president of Harvard University, and Christopher F. Rufo, a conservative activist who crusaded for her ouster, can agree: Her resignation is about much more than just her.

Lost amid the talk, however, is how, exactly, Harvard dealt with the allegations that snowballed into a crisis.

The Biden administration is considering slapping new regulations on colleges to curb hidden fees for things such as food and textbooks. 

The changes are part of a bundle of reforms currently being debated by the U.S. Department Education. The talks are largely centered on heightening federal scrutiny of the higher education industry—a priority President Joe Biden has indicated is a piece of his efforts to bring down the soaring cost of college and ease the student loan debt it causes.

College students graduating this year have gotten mixed signals about the strength of the job market, but this much is clear: Preparation is everything when it comes to a solid career launch.

Now it’s spring semester, when job and internship searches are most urgent. This is crunch time for the schools, too: By building solid on-ramps to internships and jobs, colleges can go a long way toward satisfying their most important stakeholders: the graduates, writes Lumina Foundation's Jamie Merisotis in his latest column for Forbes.