Department Of Education Moves To Make Owners, Investors, And Controlling Parties Responsible For College And University Liabilities
Collection Industry News
APRIL 11, 2022
Under the new policy, corporations or other legal entities that “have or could have a direct or indirect effect on the institution’s administrative capability or financial responsibility” may also be required to sign the PPA. Historically, the PPA has been signed by an authorized representative of the institution.
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