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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. [3] The act is sectioned: A- Grants to attend ...
[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.
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]
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 ...
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]
Title IV provides funding for graduate fellowships in order to increase the number of graduate-level professionals and university professors. Priority was given to students who stated an interest in becoming a professor. However, certain fields (such as folklore) were specifically exempted from these fellowships. [13]
Title IV-E of the Social Security Act authorizes the federal government to assist states with funding for foster care, adoption and guardianship assistance, and other actions to support child welfare. [3] One of the major areas changed by the legislation is the way Title IV-E funds authorized by can be spent by states.