Tag: 90/10
ED Proposes Significant Amendments to Change in Control and 90/10 Regulations
Nancy Anderson, Kate Lee Carey, Jasmine Lee and Shannon Noonan
The Department of Education is accepting comments until August 26 on the NPRM to amends its 90/10 and change of ownership and control regulations.
90/10 Provisions of American Rescue Plan Act of 2021 Brings Major Change
Kate Lee Carey and Vince Sampson
President Joe Biden signed the American Rescue Plan Act of 2021 on March 11. The ARPA includes a major change in the 90/10 revenue test that provides for-profit institutions and their students access to the FSA programs.
California Senate Appropriations Committee Sends Three Postsecondary Bills for Further Action, Shelves Three Others
Kate Lee Carey and Caitlyn Shelby
The California Senate Appropriations Committee returned from recess on August 12 and resumed discussion of the six remaining higher education bills.
California Legislature Takes Summer Break With Key Higher Education Bills Still in Air
Kate Lee Carey and Caitlyn Shelby
California higher education bills remain unresolved during summer break. The seven original bills passed the Assembly, but have undergone amendments in the Senate. Read our summary of the trajectory of the bills over the past few months as we await the Legislature to reconvene on August 12.
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.