Reauthorization: Regulatory Considerations in Today s Postsecondary Market and their Impact on your Investment Education Industry Investment Forum March 28, 2007
Moderator: Peter Leyton, Shareholder Ritzert & Leyton, PC Panelists: Dr. Arthur Keiser, President and CEO Keiser University Tom Netting, Vice President Jefferson Government Relations
2006 HERA 26 Week Academic Year Increased Annual Loan Limits 1st ACYR - $3,500 2nd ACYR - $4,500 Expansion of Distance Education AC & SMART Grants* Use of Scheduled Hours for R2T4 $12 Billion Cut in SFA
2007 CR Increased Federal Pell Grant Maximum Max Raised $260 ACYR 08 - $4,310 (July 1, 2008)
HEA Reauthorization 110th Senate To Date: Feb. 16th - Higher Education, Higher Cost, Higher Debt: Paying for College in the Future March 6th - NCLB Reauthorization: Strategies for Attracting, Supporting and Retaining High Quality Educators
HEA Reauthorization 110th Senate Prospective Timeline: April HELP Committee Mark up May/June Senate Floor Consideration
HEA Reauthorization 110th House To Date: March 8th - The State of Higher Education: How Students Access and Finance a College Education March 22nd - The Higher Education Act: Approaches to College Preparation
HEA Reauthorization 110th House Prospective Timeline: April July August September Hearings (DC & Regional) HEA Bill Introduction Sub- and Full-Education and Labor Committee Mark up
HEA Reauthorization RECOMMENDATIONS DUE - April 13, 2007
HEA Legislative Proposals Federal Pell Grants President s FY08 Budget Proposal S. 301 Nontraditional Student Success Act S. 572/H.R. 1010 Student Aid Reward Act of 2007 (STAR Act) S. 707/H.R. 990 Pell Grant Equity Act of 2007 H.R. 567 Children of Fallen Soldiers Pell Grant Act of 2007 H.R. 722 Increasing Access to Higher Education Act
HEA Legislative Proposals Year-Round Pell S. 301 Nontraditional Student Success Act* Section 101(d) Year Round Pell for All Students Section 104 Nontraditional Demo Program Less Than Half-Time Students Degree Only
HEA Legislative Proposals Pell Tuition Sensitivity S. 707/H.R. 990 Pell Grant Equity Act of 2007 A student should not be forced to sacrifice grant aid because of their choice of one institution over another. - Ranking Member Howard P. Buck McKeon (R-CA), House Education and Labor Committee it is critical that we ensure that all students and institutions are treated fairly - Chairman George Miller (D-CA), House Education and Labor Committee
HEA Legislative Proposal AC & SMART Grants Several Proposals Pending (Negotiated Rulemaking)
HEA Legislative Proposals Accountability H.R. 472 College Affordability and Transparency Act of 2007 H.R. 1522 One-stop Student Financial Aid Information Act of 2007
HEA Legislative Proposals Transfer of Credit H.R. 596 Community College Partnership Act of 2007*
HEA Legislative Proposals Student Loan Interest Rates S. 282/H.R. 5 College Student Loan Relief Act of 2007
HEA Legislative Proposals Distance Education H.R. 412 Independent Study of Distance Education Act of 2007 H.R. 773 Diploma Integrity Protection Act of 2007
HEA Legislative Proposals High School Graduation/Remediation S. 301 Nontraditional Student Success Act* (Remediation Programs) S. 765 Graduate for a Better Future Act* (Remediation, Section 101 Definition)
Federal Negotiated Rulemaking Student Loans AC & SMART Grants General Provisions Accreditation
Federal Negotiated Rulemaking ED Timeline Jan. April Team Negotiations June 1 30 NPRM Published June Aug. Comment Period (60 Days) Sept. Oct. ED Development of Final Regulation Package Nov. 1, 2007 Final Regulations Published July 1, 2008 Effective Date of Implementation
Federal Negotiated Rulemaking Student Loans Preferred Lender Lists Prohibited Inducements Lender Certification of esignatures
Federal Negotiated Rulemaking AC & SMART Grants Academic Rigor Definition Expansion of Eligible Programs Eligible Student Population
Federal Negotiated Rulemaking General Provisions Definition of Full/Part-Time Student Double Pro-ration of Pell Grants AY Eligibility for Transfer Students
Federal Negotiated Rulemaking Accreditation Measures of Student Achievement Transfer of Credit Substantive Changes
HEAL Coalition www.healcoalition.org
HEAL Coalition Allied Health Professions Different Committee Jurisdiction Different Department Jurisdiction Different Regulatory Bodies
HEAL Coalition Allied Health Programs Medical Assistant Dental Assistant Medical Insurance/Coding & Billing Massage Therapy Surgical Technician Pharmacy Technician
HEAL Coalition S. 605 - Allied Health Reinvestment Act S. 620 - Community-Based Health Care Retraining Act S. 746 - Veterinary Public Health Workforce Expansion Act of 2007