Type:Proposed Rule
Citation:89 FR 104937
Reading Time:about 9 minutes
The U.S. Department of Education has decided to end the process for making new rules about state authorization, cash management, and accreditation for educational institutions. This decision was made to allow more time to understand recent changes and evaluate their impact. The Department aims to gather more data and consider industry practices before establishing any new regulations. They emphasized the importance of deliberative policymaking and responding to public feedback received during the process.
Simple Explanation
The Education Department decided to stop working on making new rules about how colleges handle their money and make sure they are doing a good job. They want more time to learn about what's happening first.