ED Releases Final Rule Package on Ability to Benefit, Administrative Capability & Certification Procedures and Financial Responsibility

NASFAA

Hugh T. Ferguson
October 25, 2023
The Department of Education (ED) on Tuesday released final rules on a number of topics that the department says will “raise the bar” on institutional accountability and better protect students and taxpayers.
The rules released Tuesday are the remaining accountability topics considered during the Institutional and Programmatic Eligibility Committee: Ability to Benefit, Administrative Capability, Certification Procedures, and Financial Responsibility. The final rules will be published in the Federal Register, though ED has published an unofficial copy.
In a press call, Education Secretary Miguel Cardona stressed that the department’s actions underscore the Biden administration’s commitment to be equally as aggressive on student loan debt relief and accountability in higher education programs.
ED negotiated these regulations in a rulemaking session held in early 2022, where it also discussed institutional and programmatic eligibility topics including the 90/10 rule and the recently released gainful employment regulations.

CONTINUE READING