Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Compliance and Implementation of the 85/15 Rule
This course offers comprehensive insights into the Department of Veterans Affairs’ updated 85/15 rule, impacting financial aid calculations and compliance reporting. Participants will learn about the removal of exemptions, revised waiver criteria, and new reporting timelines to ensure institutions align with the latest regulations. Gain expertise on maintaining compliance and understanding the implications for educational institutions and students.
In this course you will learn the following:
* Understand the purpose and scope of the 85/15 rule.
* Identify the changes in the rule and their implications for educational institutions.
* Implement the revised calculation and reporting requirements.
* Navigate the waiver application process effectively.
* Recognize the consequences of non-compliance with the 85/15 rule.
Additional information
| Federal Register Title | 85/15 Rule Calculations, Waiver Criteria, and Reports. Document Number: 2024-00629 |
|---|---|
| Course SKU | FR-24-708-1 |
| Why This Course Is Important | Without this course, educational institutions risk non-compliance, leading to potential legal and financial consequences and a possible loss of VA funding. |