Education Dept. Issues Additional 90/10 Rule Guidance
Dec 22, 2022, 12:50 PM
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Agency releases an updated list of federal funds that proprietary institutions must include as federal revenue in their non-federal revenue calculation related to the 90/10 rule.
The U.S. Education Department published a notice in the Federal Register updating its list of the federal education assistance funds that proprietary institutions must include as federal revenue in their non-federal revenue calculation related to the 90/10 rule.
Federal law requires for-profit colleges and universities to derive at least 10 percent of their revenue from non-federal sources. Until recently, federal funds from military education benefits did not count toward that threshold. Congress approved legislation last year that closed that loophole in the 90/10 rule. The department in October issued regulations to implement that change, which will go into effect July 1, 2023.
The updated list of funds to be included in the federal revenue calculation now includes GI Bill and military tuition assistance. The department also noted that the list of sources of federal education funds is in addition to Title IV, Higher Education Act program funds, which existing regulations already require institutions to include in the 90/10 calculation.
- Financial Aid and FAFSA
- Higher Education Act
- Veterans and Service Members
- 90/10 rule
- Federal Regulations
- Federal relations
- for-profit colleges
- gi bill
- Negotiated Rulemaking
- VA Programs
- Veterans and service members issues