[lotsofpulp]

No, I would not call that regulations. Typically, regulations refers to the government restricting or requiring business activity.

The government offering loans in the first place is regulation, and choosing not to do underwriting is part of that regulation.

I.e. the government regulated that they would lend tens of thousands of dollars to any student, so student A can no longer bargain with the school for a lower price because student B, C, and D are lined up to pay whatever is asked.