Financial Aid Newsletter – September 2012

ACCET offers a quarterly Financial Aid newsletter as a service to our institutions who are eligible for or are applying for Title IV funding. This issue covers the following topics:

  • GE Court Decision
  • FSA Credit Balances – Using A Contractor
  • Sub Loan Interest Rate Remains 3.4%
  • Guidance On State Authorization (Pi Regs)
  • Title Iv Eligibility For Students Without A High School Diploma
  • EO 13607 Principles Of Excellence
  • Disability Accommodation Guidance Revised

ACCET Financial Aid Newsletter – September 2012 (PDF)

Call for Comment – Documents for December 2012

ACCET solicits comments from state and federal agencies and the general public regarding institutions coming under consideration for accreditation in the next two review cycles, as listed below.

To comment on the documents below, please complete this survey:

Call for Comment Survey – December 2012

Documents for Review in December 2012

Certificates: Gateway to gainful employment

Postsecondary certificates are the fastest growing form of college credentials in the nation, with more than one million awarded annually. A new report, Certificates: Gateway to Gainful Employment and College Degrees from the Georgetown University Center on Education and the Workforce describes the value of certain postsecondary certificates in terms of earnings and employment. The report provides data on the demographic characteristics of certificate holders and states where certificates provide the highest earnings return.

Call for Membership Vote

Proposed changes to the document below are being presented for consideration and a vote by the ACCET membership. Within Document 1 – The Accreditation Process, there are proposed modifications to the “Eligibility” section on page 4 which require approval by the membership. Currently, the list of eligibility requirements identifies that institutions must meet applicable state licensing requirements. Consistent with ACCET’s longstanding policy, proposed is a change to explicitly state that institutions must also “meet applicable federal requirements, such as those of the U.S. Department of Education and the Department of Homeland Security (SEVP)”.

After your review of the document, please go to the Membership Voting Form and submit your vote on the proposed changes. At the August 2012 meeting, the Commission will review the vote of the membership. If you have questions or need to talk to someone, please contact Judy Hendrickson by email at or by phone at 202 955-1113 extension 101.

Membership Voting Form

New regulations for ATB students

On December 23, 2011, President Obama signed H.R. 2055, the “Consolidated
Appropriations Act”, into law (Click here to view the entire statute). In so doing, Congress and the President approved a provision that will deny access to all Federal student financial aid to individuals without a high school diploma, a GED or without equivalent homeschooling after June 30, 2012. This effectively eliminates Title IV student loan and grant eligibility for all ATB students after this date.

Read more information on this new Act:

Dear Colleague letter: January 18, 2012

Wonderlic: Changes to the Ability to Benefit (ATB) testing program