On October 29, 2009, the U.S. Department of Education (the Department) released its Final Rule amending provisions of the Federal Student Aid regulations implementing the provisions of the Higher Education Opportunity Act (HEOA) (Pub. L. 110-315), enacted on August 14, 2009, and The Higher Education Technical Corrections (Pub. L. 111-39), enacted on July 1, 2009. The preamble to the Final Rule summarizes comments received on the Notice of Proposed Rulemaking published on August 21, 2009, and provides additional insight into the Department’s analysis in arriving at the Final Rule. The new regulations are effective for the award year beginning on July 1, 2010.
Click on the PDF link above to view the full alert.