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On January 18, the Department of Education began its second major negotiated rulemaking effort under the Biden administration. Among topics for this session, the negotiated rulemaking group will re-examine financial responsibility regulations for colleges and universities.

Two negotiators nominated by NACUBO were selected for the committee. Kelli Perry, assistant vice president for finance and controller at Rensselaer Polytechnic Institute, will represent private, nonprofit institutions of higher education. Ashley Schofield, associate vice president for fiscal affairs at Claflin University, will serve as the alternate negotiator for Minority-Serving Institutions.


Several other topics in the rulemaking will focus on potential changes to rules for proprietary institutions, including the 90/10 rule and the way ED approves conversions of for-profit institutions into nonprofit entities.


The group also will consider reinstating the Obama-era gainful employment regulations, which limit federal funding to career college programs that have poor debt-to-earnings ratios, and new career services requirements for all institutions. 


The rulemaking sessions will be conducted virtually over three weeks in late January, February, and March. Members of the public may register to view the rulemaking sessions in real time.


Liz Clark

Vice President, Policy and Research



Sue Menditto

Senior Director, Accounting Policy


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