Category: Higher Ed
Purdue Unbound: The Road Ahead for Conversions and Shared Services Transactions
Greg Ferenbach and Mike Goldstein
This week the Higher Learning Commission gave final approval to the Kaplan-Purdue transaction. In this post, we discuss the changes in the regulatory environment and at the accreditor level that led to HLC’s approval of the deal and potential for similar partnerships in the future.
Department of Education Defends Its Actions in GE Rule Lawsuit
Nancy Anderson, Jonathon Glass and Kate Lee Carey
The debate over the current and future Gainful Employment Rule continues in all three branches of the federal government.
Another New Gainful Employment Disclosure Template, With Some Unexpected Changes
Jonathon Glass and Kate Lee Carey
The Department of Education announces changes to the Gainful Employment Disclosure Template. In its Electronic Announcement, ED set April 6, 2018 as the new deadline for covered institutions to update and publish the 2018 version of the GE Disclosure Template.
Another Disclosure Requirement for California Higher Education Institutions Signals an Accelerating State Role in Student Disclosure
Kate Lee Carey and Mike Goldstein
Beginning with the 2018-19 academic year, all higher education institutions in California, except the California Community College system, will have to provide their students an annual summary of their total borrowing to pursue their education and an estimate of their future monthly payments.
The State Authorization Rule Still Lives – Be Ready
Greg Ferenbach and Nancy Anderson
The Department’s state authorization for distance education rule is slated to go into effect July 1, 2018. Institutions should start preparing now.
Reauthorizing the Higher Education Act: After 60 Years, Looking at What Still Works – Or Not
Vince Sampson and Mike Goldstein
Congress is poised to give the HEA a much-needed update. The House of Representatives have introduced legislation and discussions are picking up in the Senate, but questions remain as to the scope and timing for completing action.
Cooley Team at FSA Training Conference
Marjorie Arrington, Lisa Bureau, Pat Dickerson and Rebecca Flake
The 2017 FSA Training Conference is November 28-December 1, 2017 in Orlando, Florida. The FSA Conference is the largest training program in the US for school and institution financial aid professionals. Cooley team members will be attending the Conference.
Department of Education Pushes Back Effective Date of Borrower Defense Rule – Again
Mike Goldstein and Kate Lee Carey
The drama surrounding the US Department of Education’s Borrower Defense to Repayment Rule continues, with the date the rule would come into effect now delayed to July 1, 2019.
ED’s New Audit Guide – 90/10 Compliance
Jonathon Glass, Naomi Harralson May and Rebecca Flake
Financial statement audits prepared under the Department of Education’s new Audit Guide will involve more detailed 90/10 testing and note disclosures. Read more in the seventh post of our Audit Guide series.
New ED Audit Guide Updates Requirements Concerning Third-Party Servicers
Greg Ferenbach, Nancy Anderson and Rebecca Flake
The sixth post in our Audit Guide series focuses on the new requirements for third-party servicers. Institutions of all types that use any third-party servicers should become familiar with these new Audit Guide requirements.
Cooley Releases Public Benefit Corporation Incorporation Package
Delaware Public Benefit Corporation law presents opportunities for postsecondary institutions. Cooley’s resource center for entrepreneurs and businesses, Cooley GO, now includes a PBC Incorporation Package.
California BPPE Announces Changes to the Student Tuition Recovery Fund
Kate Lee Carey and Greg Ferenbach
The California Bureau for Private Postsecondary Education recently published amended regulations governing the Student Tuition Recovery Fund effective as of August 10, 2017. The changes will impact institutions approved to operate by the BPPE and institutions that have registered as out-of-state distance learning providers.
