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Regulation
6 Months Ended
Jun. 30, 2011
Regulation  
Regulation

10. Regulation

On June 13, 2011, the Department of Education published its final regulation defining the term "gainful employment." Under the regulation, which becomes effective July 1, 2012, a particular program offered by an institution would become ineligible for Title IV funding if it could not pass at least one of three alternative measurements in three out of four consecutive years. The first year that a program could become ineligible is 2015. Management is reviewing the final regulations and available data from the Department to determine the financial or operational impact, if any, of the new regulation.