Home Legal and Regulatory Issues

Legal and Regulatory Issues

ACICS Recognition Review Continues to be a Dynamic Process

By Jay Vaughan, Partner and Chair of Education Practice Group, and Naomi Harralson May, Associate, Cooley LLP
While ACICS prepares an updated submission for consideration by a Senior Department Official, who is expected to make a determination by the end of July, other federal and state agencies are once again considering ACICS to be a federally recognized accrediting agency and reviewing the impact on status on a case-by-case basis.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One

CFPB Rules Proposal may Drastically Impact School Arbitration Agreements

By Bill Ojile, Partner, and Henry Baskerville, Of Counsel, Armstrong Teasdale, LLP
On October 7, 2015, the Consumer Financial Protection Bureau (CFPB) announced its intent to launch a rulemaking process that would prohibit companies from using arbitration clauses that preclude consumers from filing class action lawsuits.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One

What Now? Examining the Regulatory Landscape After Gainful Employment Rule Scrapped

By Michael T. Wherry, Director, Audit Department, McClintock & Associates
No matter what the future holds, the one certainty is the regulatory landscape among for-profit and non-profit institutions will not remain the same. Vigilant monitoring and regular consultation with experts are a must, especially among smaller institutions that may not have the resources to fully address financial and regulatory reporting.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One

Conversion of a Postsecondary Educational Institution from a For-Profit to a Nonprofit, Tax-Exempt Entity

By Cooley LLP
This information is a general description of the law; it is not intended to provide specific legal advice nor is it intended to create an attorney-client relationship with Cooley LLP. Before taking any action on this information you should seek professional counsel.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One

Why Structure a College or University as an L3C?

By Robert Lang, CEO, Americans for Community Development
The President and CEO of the Association of Private Sector Colleges and Universities, Steve Gunderson, has been a longtime colleague and friend. While he will admit to having advocated for the L3C concept during his previous leadership role at the Council On Foundations, he has also shared with me that his current purpose is not to promote one corporate structure over another.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One

Incentive Compensation: Who is Subject to the Ban? Who is Not?

By Robert B. Walker Jr., Senior Associate, Ritzert & Leyton, PC
Disclaimer: The contents of this article do not constitute legal or regulatory advice or counsel. Neither do they establish an attorney-client relationship of any sort. No person or entity should act, or refrain from acting, on the basis of the information discussed herein without seeking individualized, professional counsel as appropriate.

Negotiated Rulemaking Committee on Affordability and Student Loans – Session One