Understanding Regulatory Oversight | Origin: CM107
This is a general discussion forum for the following learning topic:
Compliance Training for Faculty Positions: Sustaining the Culture --> Understanding Regulatory Oversight
Post what you've learned about this topic and how you intend to apply it. Feel free to post questions and comments too.
What has stood out the most is the importance of the Triad, and understanding that schools that want to be accredited often have more opportunities to provide more to thier students.
I learned that the Triad consists of the U.S. Department of Education, state agencies, and institutional accreditors, which collectively ensure accountability and transparency in higher education. National accreditors primarily focus on vocational and career-oriented institutions, emphasizing employment outcomes and offering certificates, diplomas, and occupational degrees.
Regulatory oversight is the responsibility of everybody- this helps the institution and the consumers which are our students.
I learned that organizations with good regulatory practices openly share information, document decisions, and hold themselves accountable. This strengthens credibility and trust with regulators and the public.
Regulatory oversight ensures that schools operate ethically, deliver quality education, and meet all legal and accreditation requirments.
The states regulatory boards and agencies collectively help to ensure quality outcomes.
You must be Title IV school in order to receive financial aid.
Having an accreditation is voluntary.
In order for a school to be eligible for Title IV funding, it must first have accreditation and state authorization to operate.
I've learned that the three components of the Triad are the U.S. Department of Education, Institutional Accreditors (national and regional; institutional and programmatic), and the State Government board and agencies.
Institutional accreditors can be either national or regional and must be approved by the Department of Education.
National accrediting bodies, more so than regional, tend to accredit vocational and career-related institutions where employment in a desired field is the expected outcome, and where diplomas and certificates may be offered as well as more occupationally oriented degrees.
FA can be approved only if school is title IV
I learned that the triad helps ensure that there are quality outcomes. Also, being accreditted is not a requirement for all schools.
I learned that federal funding can only be approved to a school is they are Title IV eligible.
I learned that in order for the US Department of Education to provide financial aid for a school, the school must be Title IV eligible.
I learned that if a school is not a Title IV school then it is not eligible for federal financial aid and it is important to adhere to the rules and regulations from the triad.
I have learned that the US Department of Education, Institutional Accreditators (national an regional/institutional and programmatic) and State government boards and agencies, form the TRIAD.
I learned the three components for Triad which has been established for consumer protection regulations for full disclosure so that students can make informed decisions about their education.
