Washington Update

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Washington Update

• Anne C. Gross
• Vice President, Regulatory Affairs
• NACUBO

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Agenda
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FY11 Continuing Resolutions
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Pell Grant Funding

• Source College Board, based on ED data

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House
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House
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Presidents FY12 Budget
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Presidents FY12 Budget
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Presidents FY12 Budget
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Recent Congressional Actions

• Post 9-11 Veterans Education Improvements Act
• Education Tax Benefits
• Red Flags Rule

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Regulatory Issues
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Post-9/11 Veterans Education Improvements Act
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Post-9/11 Veterans Education Improvements Act
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VA Processes and Payments
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FTC Red Flags
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IRS Information Reporting and Withholding
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Education Tax Benefits
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ED Program Integrity Rules

• Retaking coursework
• R2T4 term-based modules
• R2T4 taking attendance
• Satisfactory academic progress
• State authorization
• Timely disbursement
• Verification

• Ability to benefit
• Agreements between institutions
• Definition of credit hour
• Gainful employment
• High school diploma
• Incentive compensation
• Misrepresentation

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State Authorization

• In home state (or others where physical location)
• Authorized by name as educational inst
• May be exempt from approval or licensing
• Authorized to conduct business
• Must be approved or licensed by name
• Exemptions for religious, tribal, and federal
  institutions
• State institutions presumed authorized
• States must have complaint mechanism

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Distance Education
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WCET Analysis of Distance Education Licensure
Nearly all will need to apply It depends Few
will need to apply
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Fall Enrollment in For-Profits(Degree-granting
Institutions)
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Growth in For-Profit Education
Source Chronicle of Higher Education
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Enrollment and Share of Federal Student Aid
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Loan Usage and Debt
Source The Project on Student Debt
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Lobbying Blitz
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Gainful Employment Programs
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Gainful Employment
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Restrictions and Sanctions
Repayment Rate Debt Burden Debt Burden Debt Burden
Repayment Rate Above 12 of total income AND Above 30 of discretionary income In between Below 8 of total income OR Below 20 of discretionary income
Repayment Rate Above 45 Fully eligible Fully eligible Fully eligible
Repayment Rate 35 to 45 Restricted Restricted Fully eligible
Repayment Rate Below 35 Ineligible Restricted Fully eligible
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Incentive Compensation
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HHS Student Health Plans
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Current NACUBO Projects
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Questions?

• Contact Anne Gross
• 202-861-2544 anne.gross_at_nacubo.org