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Loeb & Loeb LLP

How Mergers and Acquisitions Are Reshaping Higher Education

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Private nonprofit colleges and universities are consolidating at a growing rate, driven by shifting demographics, rising costs and increased competition from nontraditional education paths. ...more

Holland & Knight LLP

New Gainful Employment Rules Impact For-Profit and Nonprofit Colleges and Universities

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The U.S. Department of Education (Department) issued new Gainful Employment (GE) regulations in September 2023 for the first time since 2014. These program-specific regulations impose important compliance obligations on...more

Bricker Graydon LLP

American Rescue Plan and Higher Education Emergency Relief Fund III: What institutions of higher education need to know

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President Biden signed the American Rescue Plan Act of 2021 into law on March 11, 2021. The Act includes around $1.9 trillion dollars in funding for coronavirus recovery, $39.6 billion of which is appropriated to institutions...more

McGuireWoods LLP

Nonprofit Colleges, Universities Must Promptly Report ‘Triggering’ Events

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Nonprofit higher education institutions now must report to the U.S. Department of Education the occurrence of certain "triggering" events that bear on the institution's financial strength within 10 days of the occurrence of...more

Cooley LLP

Blog: New ED Audit Guide Means Compliance Audits Will Be More Expansive, More Expensive

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The new Audit Guide for Title IV compliance audits includes numerous, expanded requirements for accounting firms to use in conducting required annual audits. The Audit Guide applies to Title IV compliance audits for fiscal...more

Cooley LLP

Alert: Recent Developments on State Authorization at Department of Education and in California

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The US Department of Education ("ED" or "the Department") has decided against an earlier plan to send letters to every institution believed to be out-of-compliance (or rather, located in a state that is considered...more

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