Specifically, this\u00a0Alert<\/i>\u00a0explains the obligations of postsecondary institutions participating in Title IV, Higher Education Act (HEA) programs to affirmatively report to the Department the occurrence of certain \u201ctriggering\u201d events that occur after March 15, 2019, many of which must be reported to the Department within 10 days of occurrence.<\/p>\n
This\u00a0Alert<\/i>\u00a0also describes the \u201cgrace period\u201d provided by the Department in the guidance for institutions to affirmatively report to the Department certain triggering events that have already occurred between July 1, 2017, and March 15, 2019 (the period from the effective date of the 2016 BDR Rule to the date of the guidance). The deadline for reporting events occurring during the grace period is May 14, 2019.<\/b><\/p>\n
As explained below, the 2016 BDR Rule contains both \u201cmandatory\u201d and \u201cdiscretionary\u201d triggering events that, after reporting, may cause the Department to recalculate the institution\u2019s composite score\u2014a ratio used by the Department to measure an institution\u2019s financial health. If the recalculated score fails or is in the zone, it could lead to a letter of credit or letter of credit alternative requirement, heightened cash monitoring restrictions, provisional Program Participation Agreement status and\/or other Title IV participation restrictions.<\/p>\n
[…]<\/p>\n
To read the full text of this\u00a0Alert,\u00a0<\/em>please visit the Duane Morris website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Specifically, this\u00a0Alert\u00a0explains the obligations of postsecondary institutions participating in Title IV, Higher Education Act (HEA) programs to affirmatively report to the Department the occurrence of certain \u201ctriggering\u201d events that occur after March 15, 2019, many of which must be reported to the Department within 10 days of occurrence. This\u00a0Alert\u00a0also describes the \u201cgrace period\u201d provided by … <\/p>\n Continue reading “The Trouble with Triggers: Newly Effective Postsecondary Institution Reporting Obligations Under the Borrower Defense to Repayment Rule”<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,13,17,18,23],"ppma_author":[179],"class_list":["post-63","post","type-post","status-publish","format-standard","hentry","category-general","tag-borrower-defense-to-repayment","tag-department-of-education","tag-duane-morris-alerts","tag-education","tag-postsecondary"],"authors":[{"term_id":179,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-content\/uploads\/sites\/44\/2020\/10\/dmlogo.jpg","author_category":"1","last_name":"Davies","first_name":"Thomas","job_title":"","user_url":"https:\/\/www.duanemorris.com","description":"Visit the Duane Morris website.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/posts\/63","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/posts\/63\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/media?parent=63"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/categories?post=63"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/tags?post=63"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/updateeducation\/wp-json\/wp\/v2\/ppma_author?post=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}