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This excerpt taken from the CECO 10-Q filed Aug 8, 2007. Eligibility
and Certification Procedures. Under the provisions of the HEA, an
institution must apply to the ED for continued certification to participate in
Title IV Programs at least every six years or when it undergoes a change
of control, as discussed above. The ED may place an institution on provisional
certification status if it finds that the institution does not fully satisfy
all required eligibility and certification standards. Provisional certification
does not generally limit an institution’s access to Title IV Program funds. The
ED may withdraw an institution’s provisional certification without advance
notice if the ED determines that the institution is not fulfilling all material
requirements. In addition, an institution must obtain ED approval for certain
substantial changes in its operations, including changes in an institution’s
accrediting agency or state authorizing agency or changes to an institution’s
structure or certain basic educational features.
Currently, 11 of our schools remain on provisional certification with the ED. Five of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, three schools are on provisional certification due to ongoing ED program reviews, one school is on provisional certification due to administrative capability and unresolved audit liabilities, one school is on provisional certification due to late refunds of Title IV Program funds, and one school is on provisional certification due to its Federal Perkins Loan default rate. This excerpt taken from the CECO 10-Q filed May 3, 2007. Eligibility and
Certification Procedures. Under the provisions of the HEA, an institution must
apply to the ED for continued certification to participate in Title IV
Programs at least every six years or when it undergoes a change of control, as
discussed above. The ED may place an institution on provisional certification
status if it finds that the institution does not fully satisfy all required
eligibility and certification standards. Provisional certification does not
generally limit an institution’s access to Title IV Program
40 funds. The ED may withdraw an institution’s provisional certification without advance notice if the ED determines that the institution is not fulfilling all material requirements. In addition, an institution must obtain ED approval for certain substantial changes in its operations, including changes in an institution’s accrediting agency or state authorizing agency or changes to an institution’s structure or certain basic educational features. Currently, 11 of our schools remain on provisional certification with the ED. Five of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, three schools are on provisional certification due to ongoing ED program reviews, one school is on provisional certification due to administrative capability and unresolved audit liabilities, one school is on provisional certification due to late refunds of Title IV Program funds, and one school is on provisional certification due to its Federal Perkins Loan default rate. This excerpt taken from the CECO 10-K filed Mar 1, 2007. Eligibility
and Certification Procedures. Under the provisions of the HEA, an
institution must apply to the ED for continued certification to participate in
Title IV Programs at least every six years or when it undergoes a change
of control, as discussed above. The ED may place an institution on provisional
certification status if it finds that the institution does not fully satisfy
all required eligibility and certification standards. Provisional certification
does not generally limit an institution’s access to Title IV Program
F-68 CAREER EDUCATION CORPORATION AND SUBSIDIARIES funds. The ED may withdraw an institution’s provisional certification without advance notice if the ED determines that the institution is not fulfilling all material requirements. In addition, an institution must obtain ED approval for certain substantial changes in its operations, including changes in an institution’s accrediting agency or state authorizing agency or changes to an institution’s structure or certain basic educational features. Currently, 10 of our schools remain on provisional certification with the ED. Six of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, one school is on provisional certification due to late refunds of Title IV Program funds, one school is on provisional certification due to its Federal Perkins Loan default rate, and two schools are on provisional certification due to ongoing ED program reviews. This excerpt taken from the CECO 10-Q filed Nov 7, 2006. Eligibility and
Certification Procedures. Under the provisions of the HEA, an institution must
apply to the ED for continued certification to participate in Title IV
Programs at least every six years or when it undergoes a change of control, as
discussed above. The ED may place an institution on provisional certification
status if it finds that the institution does not fully satisfy all required
eligibility and certification standards. Provisional certification does not
generally limit an institution’s access to Title IV Program funds. The ED
may withdraw an institution’s provisional certification without advance notice
if the ED determines that the institution is not fulfilling all material
requirements. In addition, an institution must obtain ED approval for certain
substantial changes in its operations, including changes in an institution’s
accrediting agency or state authorizing agency or changes to an institution’s
structure or certain basic educational features.
Currently, 11 of our schools remain on provisional certification with the ED. Seven of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, two schools are on provisional certification due to late refunds of Title IV Program funds, one school is on provisional certification due to its Federal Perkins Loan default rate, and one school is on provisional certification due to an ongoing ED program review. This excerpt taken from the CECO 10-Q filed Aug 9, 2006. Eligibility
and Certification Procedures. Under the provisions of the HEA, an
institution must apply to the ED for continued certification to participate in
Title IV Programs at least every six years or when it undergoes a change
of control, as discussed above. The ED may place an institution on provisional
certification status if it finds that the institution does not fully satisfy
all required eligibility and certification standards. Provisional certification
does not generally limit an institution’s access to Title IV Program
funds. The ED may withdraw an institution’s provisional certification without
advance notice if the ED
41 determines that the institution is not fulfilling all material requirements. In addition, an institution must obtain ED approval for certain substantial changes in its operations, including changes in an institution’s accrediting agency or state authorizing agency or changes to an institution’s structure or certain basic educational features. Currently, 11 of our schools remain on provisional certification with the ED. Seven of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, two schools are on provisional certification due to late refunds of Title IV Program funds, one school is on provisional certification due to its Federal Perkins Loan default rate, and one school is on provisional certification due to an ongoing ED program review. This excerpt taken from the CECO 10-Q filed May 10, 2006. Eligibility
and Certification Procedures. Under the provisions of the HEA, an
institution must apply to the ED for continued certification to participate in
Title IV Programs at least every six years or when it undergoes a change
of control, as discussed above. The ED may place an institution on provisional
certification status if it finds that the institution does not fully satisfy
all required eligibility and certification standards. Provisional certification
does not generally limit an institution’s access to Title IV Program funds. The
ED may withdraw an institution’s provisional certification without advance
notice if the ED determines that the institution is not fulfilling all material
requirements. In addition, an institution must obtain ED approval for certain
substantial changes in its operations, including changes in an institution’s
accrediting agency or state authorizing agency or changes to an institution’s
structure or certain basic educational features.
Currently, 11 of our schools remain on provisional certification with the ED. Seven of our schools are on provisional certification because the initial period of their provisional certification following a change in control has not expired, two schools are on provisional certification due to late refunds of Title IV Program funds, one school is on provisional certification due to its Federal Perkins Loan default rate, and one school is on provisional certification due to an ongoing ED program review. | EXCERPTS ON THIS PAGE:
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