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Title IV contains nine parts that authorize a broad array of programs and provisions to assist students and their families in gaining access to and financing a postsecondary education. Programs authorized under this title are the primary sources of federal aid supporting postsecondary education.
[4] During the 1998 reauthorization of the Higher Education Act, Congress changed the 85–15 rule to the 90–10 rule. Now for-profit colleges could receive up to 90%, rather than 85%, of revenue from Title IV funds. [6] In March 2021 the US Senate removed the 90–10 loophole as part of the 2021 Covid relief bill.
Title I also includes the pension funding and vesting rules described above. The United States Department of Labor's Employee Benefits Security Administration ("EBSA") is responsible for overseeing Title I, promulgating regulations implementing and interpreting the statute as well as conducting enforcement. Plan fiduciaries and plan ...
To make higher education costs more transparent before a student actually applies to college, federal law requires all post-secondary institutions receiving Title IV funds (federal funds for student aid) to post net price calculators on their websites by October 29, 2011.
In the 2009–2010 academic year, for-profit higher education corporations received $32 billion in Title IV funding—more than 20% of all federal aid. [9] As America's largest university, University of Phoenix , had an enrollment of 470,000 students and annual revenues approaching $5 billion. [ 21 ]
Not eligible for Title IV funding Accreditation Council on Optometric Education: ACOE: Yes: Yes: Not eligible for Title IV funding Accreditation Review Commission on Education for the Physician Assistant: ARC-PA: Yes: No: Accrediting Bureau of Health Education Schools: ABHES: No: Yes: Accrediting Council on Education in Journalism and Mass ...
A House vote on a Trump-endorsed funding bill failed on Thursday evening, but the chamber then approved a revised bill Friday evening. The legislation funds the government through March 14 ...
The three-year repayment rate for each school that receives Title IV funding is available at DOE's College Scorecard. [96] This number may be a poor indicator of the overall default rate: some schools place loans into forbearance, deferring loans beyond the three-year window to present a low default rate. [97] [98]