Final Rule Entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)”

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January 17, 2024 · by COHEAO · Spark Notes

October 27 – As COHEAO reported Wednesday, the Department of Education has announced a final rule entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)” that includes language impacting the ability of institutions from withholding transcripts in cases where the student or former student owes a debt.

Here is the text of the new regulation that will be added to section 668.14(b):

(33) It will not withhold official transcripts or take any other negative action against a student related to a balance owed by the student that resulted from an error in the institution’s administration of the title IV, HEA programs, or any fraud or misconduct by the institution or its personnel;

(34) Upon request by a student, the institution will provide an official transcript that includes all the credit or clock hours for payment periods— (i) In which the student received title IV, HEA funds; and (ii) For which all institutional charges were paid or included in an agreement to pay at the time the request is made;

You can read COHEAO’s Spark with initial analysis here.

COHEAO has a few questions that will allow you to offer insights and ask questions about the Rule. Please click here to take this VERY brief survey. Your input and responses are appreciated and invaluable.

Thank you in advance,

Bob