The Department of Education published a notice of proposed rulemaking (NPRM) with some key regulations that impact our institutions. On July 31st 2018 a notice was published that impacts Defense of Repayment (DOF) and on August 15th 2018 another notice was published that would impact Gainful Employment (GE). The revisions proposed are:
- DOF – Amend regulations governing Direct Loans to establish a federal standard for evaluating, and a process for adjudicating, borrowers defenses to repayment. The regulations would also amend the financial responsibility standards.
- GE – On August 14th 2018 a notice was published to rescind the Gainful Employment regulations. Instead they propose to update the College Scorecard or something similar, to provide program level outcomes for all institutions.