""The Biden Administration's regulation was over broad as it required all private institutional owners, including at faith-based colleges, to sign program participation agreements,""
""Moving forward, the Trump Administration will adhere to the law .""
""protect the financial interest of the United States.""
""institutions have financial problems.""
The Education Department rescinded automatic enforcement of a requirement that primary owners of private colleges sign Program Participation Agreements to access federal student aid. Primary owners had been required to assume personal liability to ensure accountability for unpaid debts, misuse of federal funds, and compliance with federal aid law; presidents or CEOs must still sign PPAs. The department settled voluntarily with a Missouri Christian college, leading to a policy shift toward case-by-case signature requirements when necessary to protect the federal financial interest. The department says the law limits forcing owners to assume liability to institutions with financial problems and plans rule-making to clarify evaluations, with no timeline provided.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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