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Instructure Signs Definitive Agreement to Acquire Parchment, the World's Largest Academic Credential Management Platform and Network

Instructure Signs Definitive Agreement to Acquire Parchment, the World's Largest Academic Credential Management Platform and Network
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This move from the Biden White House could cripple innovation in higher education

Earlier this year, the Department of Education announced it would implement new rules that would make it more difficult for colleges to use outside contractors to help them educate their students. The unexpected and expansive nature of this new guidance sent both colleges and their business partners scrambling to interpret the new rules and figuring out a way to carry on business as usual despite this massive disruption. While the intention may be to stick it to the businesses managing to eek profit out of this wildly inefficient and hyper-regulated industry, it’s the students who will pay for this ill-advised change. ....

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Update: U.S. Department of Education Third-Party Servicer Guidance | Husch Blackwell LLP

UPDATE: On February 28, 2023, the Department updated the Dear Colleague Letter issued February 15, 2023 to establish a future effective date for the guidance, extend the public comment. ....

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Department of Education Expands Interpretation of "Third-Party Servicer" Definition (and Announces Incentive Compensation Review) | Husch Blackwell LLP

Wednesday’s U.S. Department of Education Dear Colleague Letter announces an expanded Department interpretation of the definition of Third-Party Servicer to include a new array of. ....

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New GAO Report Signals Increased Scrutiny Of Higher Ed Contracts With Online Program Managers - Education

On May 5, 2022, the U.S. Government Accountability Office (GAO) released a long awaited report scrutinizing the U.S. Department of Education's (ED) oversight of relationships between institutions. ....

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