The Department of Education announced final regulations to enhance oversight and accountability for institutions of higher education and strengthen protections for student borrowers. The final rules cover four areas: financial responsibility, administrative capability, certification procedures, and Ability to Benefit. The regulations will be published in the Federal Register on October 31 and will go into effect on July 1, 2024.
The Department of Education’s announcement may be accessed here, and a post from NC-SARA may be accessed here.