FR part
V
Publication Date: October 30, 2015
Posted Date: October 30, 2015
Subject: Final Rule: Program Integrity and Improvement
FR Part: V
FR Type: Final
Effective Date: July 1, 2016
[Federal Register Volume 80, Number 210 (Friday, October 30, 2015)] [Rules and Regulations] [Pages 67125-67201] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2015-27145] [[Page 67125]] Vol. 80 Friday, No. 210 October 30, 2015 Part V Department of Education ----------------------------------------------------------------------- 34 CFR Part 668 Program Integrity and Improvement; Final Rule Federal Register / Vol. 80 , No. 210 / Friday, October 30, 2015 / Rules and Regulations [[Page 67126]] ----------------------------------------------------------------------- DEPARTMENT OF EDUCATION 34 CFR Part 668 RIN 1840-AD14 [Docket ID ED-2015-OPE-0020] Program Integrity and Improvement AGENCY: Office of Postsecondary Education, Department of Education. ACTION: Final regulations. ----------------------------------------------------------------------- SUMMARY: The Secretary amends the cash management regulations and other sections of the Student Assistance General Provisions regulations issued under the Higher Education Act of 1965, as amended (HEA). These final regulations are intended to ensure that students have convenient access to their title IV, HEA program funds, do not incur unreasonable and uncommon financial account fees on their title IV funds, and are not led to believe they must open a particular financial account to receive their Federal student aid. In addition, the final regulations update other provisions in the cash management regulations and otherwise amend the Student Assistance General Provisions. The final regulations also clarify how previously passed coursework is treated for title IV eligibility purposes and streamline the requirements for converting clock hours to credit hours. DATES: Effective date: These regulations are effective July 1, 2016. Compliance dates: Compliance with the regulations in Sec. 668.164(e)(2)(vi) and (f)(4)(iii) is required by September 1, 2016; Sec. 668.164(d)(4)(i)(B)(2) by July 1, 2017; and Sec. 668.164(e)(2)(vii) and (f)(4)(iv) by September 1, 2017. FOR FURTHER INFORMATION CONTACT: For clock-to-credit-hour conversion: Amy Wilson, U.S. Department of Education, 1990 K Street NW., Room 8027, Washington, DC 20006-8502. Telephone: (202) 502-7689 or by email at: amy.wilson@ed.gov. For repeat coursework: Vanessa Freeman, U.S. Department of Education, 1990 K Street NW., Room 8040, Washington, DC 20006-8502. Telephone: (202) 502-7523 or by email at: vanessa.freeman@ed.gov; or Aaron Washington, U.S. Department of Education, 1990 K Street NW., Room 8033, Washington, DC 20006-8502. Telephone: (202) 502-7478 or by email at: aaron.washington@ed.gov. For cash management: Ashley Higgins, U.S. Department of Education, 1990 K Street NW., Room 8037, Washington, DC 20006-8502. Telephone: (202) 219-7061 or by email at: ashley.higgins@ed.gov; or Nathan Arnold, U.S. Department of Education, 1990 K Street NW., Room 8081, Washington, DC 20006-8502. Telephone: (202) 219-7134 or by email at: nathan.arnold@ed.gov. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-800-877-8339.