FSATC 2024 | BO3 – The Revised Standards of Financial Responsibility: An Overview (Q&A)

Описание: New financial responsibility standards, including additional provisions to protect students and taxpayers, went into effect on July 1, 2024. In this session, we discuss what constitutes a failure of financial responsibility, the new mandatory and discretionary triggers the Department of Education uses to better assess an institution’s financial health, the time frame for reporting triggering events, and the financial measures schools must take if they fail financial responsibility standards.