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This policy analysis research uses advocacy coalition theory and punctuated equilibrium theory to illuminate policy change dynamics that occurred within the dramatic proposed policy change in federal regulations of for-profits’ government loan eligibility, particularly during 2010. Hypothesis-based, structured analysis of 84 articles from the Chronicle of Higher Education offer evidence in support of three ACT and PET-based hypotheses. Findings are that advocacy coalitions increasingly politicized the use of expert-based information; expert-based information changed policy brokers’ actions with respect to the proposed ‘gainful employment’ rules (i.e. delay, compromise); and change in the policy monopoly (i.e. Republican to Democratic political control) created a “punctuation" (i.e. dramatic policy change) in the regulation of loan default rates in higher education. Discussion and debate welcomed.