The Department of Education issued a notice on August 18 that extends the deadline for all institutions to file alternate earnings appeals that challenge the debt-to-earnings rates issued for their GE programs in January 2017.
Increased Student Samples, Student Confirmations and Site Visits Mean Expanded Audits Under ED’s New Audit Guide
In the fourth post of our Audit Guide series, we focus on three significant process expansions: the size and composition of the required student sample, the student confirmations auditors are required to perform and how site visits are conducted.
As part of the Administration’s regulatory reform directive, the Office of the Secretary of the Department of Education is seeking public comments on regulations and guidance that may be appropriate for repeal, replacement or modification. The Department of Education has extended the deadline. Comments will now be due Friday, September 20.
Gainful Employment data reporting is the topic for the third post in our Audit Guide series. For the first time ED is requiring that independent audit firms conduct extensive testing relating to Gainful Employment data reporting and mandated disclosures as part of their annual Title IV compliance audits.
The President has signed the Harry W. Colmery Veterans Educational Assistance Act of 2017 – the “Forever GI Bill” into law – which amends the Post-9/11 Veterans Educational Assistance Act of 2008 and enhance education benefits provided to eligible military veterans.