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Jun 10, 2024 | 
lexology.com | Nancy Anderson |Maddie Fenton |Paul G. Lannon
HighlightsThe U.S. Department of Education has finalized new regulations effective July 1, 2024, impacting mergers and acquisitions involving higher education institutions. These changes include new financial tests for new owners and institutions and stricter conditions for financial responsibility following a change in control.
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Apr 8, 2024 | 
lexology.com | Paul G. Lannon |Nancy Anderson
HighlightsThe U.S. Department of Education issued a Dear Colleague Letter, as well as a new FAQs page, regarding new Financial Value Transparency (FVT) and Gainful Employment (GE) regulations that will go into effect on July 1, 2024. The new regulations apply to most Title IV-eligible programs and impose substantial disclosure and reporting obligations. The summary includes compliance guidance, reporting deadlines and limited exclusions for certain institutions, programs and students.
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Apr 2, 2024 | 
mondaq.com | Qian Shen |Paul G. Lannon |Vito Costanzo
Four years after the start of the COVID-19 pandemic, tuition
refund class actions against universities have not slowed
down.
Courts are divided on the type of language needed to plausibly
allege a promise of in-person instruction that is sufficient to
survive a motion to dismiss.
The California Court of Appeals reaffirms the specific promise
standard necessary to survive a summary judgment motion.
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Mar 25, 2024 | 
lexology.com | Qian Shen |Paul G. Lannon |Vito Costanzo
HighlightsFour years after the start of the COVID-19 pandemic, tuition refund class actions against universities have not slowed down. Courts are divided on the type of language needed to plausibly allege a promise of in-person instruction that is sufficient to survive a motion to dismiss. The California Court of Appeals reaffirms the specific promise standard necessary to survive a summary judgment motion.
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Jan 2, 2024 | 
lexology.com | Christopher Armstrong |John Wood |Tom Davis |Paul G. Lannon
HighlightsColleges and universities are under increased scrutiny regarding their responses to demonstrations and harassment on campus. Due to the extensive media attention and political interest by many members of Congress, a wide range of congressional committees will likely pay increased attention to higher education in the coming months. Calls for additional investigations and hearings, as well as new legislation, are expected. Following the Oct.
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Nov 8, 2023 | 
jdsupra.com | Maddie Fenton |Paul G. Lannon
The U.S. Department of Education released new Financial Responsibility regulations that help protect students and taxpayers when institutions of higher education self-disclose specified financial warning signs or "triggering events." The regulations, which become effective on July 1, 2024, are intended to make it easier to assess the financial stability of institutions, discourage risky behavior and ensure that taxpayers are better protected from the costs of sudden school closures.
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Nov 7, 2023 | 
mondaq.com | Paul G. Lannon |Maddie Fenton
The U.S. Department of Education released new Financial
Responsibility regulations that help protect students and taxpayers
when institutions of higher education self-disclose specified
financial warning signs or "triggering events."
The regulations, which become effective on July 1, 2024, are
intended to make it easier to assess the financial stability of
institutions, discourage risky behavior and ensure that taxpayers
are better protected from the costs of sudden school closures.
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Oct 18, 2023 | 
jdsupra.com | Maddie Fenton |Paul G. Lannon
The U.S. Department of Education (Department) issued new Gainful Employment (GE) regulations last month for the first time since 2014. These program-specific regulations impose important compliance obligations on for-profit and not-for-profit institutions of higher education. Financial Value Transparency provisions are intended to increase the quantity and quality of information that students will have before enrollment. Performance metrics demand greater accountability for GE programs.
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Oct 18, 2023 | 
mondaq.com | Paul G. Lannon |Maddie Fenton
The U.S. Department of Education (Department) issued new
Gainful Employment (GE) regulations last month for the first time
since 2014. These program-specific regulations impose important
compliance obligations on for-profit and not-for-profit
institutions of higher education.
Financial Value Transparency provisions are intended to
increase the quantity and quality of information that students will
have before enrollment. Performance metrics demand greater
accountability for GE programs.
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Oct 17, 2023 | 
lexology.com | Maddie Fenton |Paul G. Lannon
HighlightsThe U.S. Department of Education (Department) issued new Gainful Employment (GE) regulations last month for the first time since 2014. These program-specific regulations impose important compliance obligations on for-profit and not-for-profit institutions of higher education. Financial Value Transparency provisions are intended to increase the quantity and quality of information that students will have before enrollment. Performance metrics demand greater accountability for GE programs.
