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Financial Responsibility: Mandatory and Discretionary Triggering Events

May 15, 2024

The U.S. Department of Education (ED) has amended financial responsibility regulations to strengthen its ability to identify high-risk events in a timely manner. These regulations are applicable to institutions that receive Title IV funds.

There are two types of triggering events, mandatory and discretionary, and institutions have 21 days to report them. Download this convenient resource summarizing the triggering events effective July 1, 2024.

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