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[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 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.
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.
CFR Title 4 – Accounts is one of 50 titles composing the United States Code of Federal Regulations (CFR) and contains the principal set of rules and regulations issued by federal agencies regarding accounts.
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]
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 ...
(Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S ...
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. [16] More than half of for-profits' revenues were spent on marketing or extracted as profits, with less than half spent on instruction. [65] [66] [67]