As has been widely reported and discussed, higher education presently is navigating a period of merger and consolidation. Across all sectors, transactional activity has increased, as institutions assimilate, consolidate, and acquire. In all cases, colleges and universities that participate in the federal financial aid programs must consider whether the U.S Department of Education will deem the proposed transaction a change in ownership or control and, if such is the case, be prepared to work through the Department’s review and approval process.
On August 28, 2019, Aaron Lacey will kick off Thompson Coburn’s 2019-2020 Higher Education Webinar Series with an examination of the Department’s procedure for evaluating and approving mergers and acquisitions in higher education, from the pre-acquisition review application through the post-transaction tests and submissions. He’ll also focus on recent changes introduced into the Department’s process, which mark the first significant innovation in many years.
Approved for 1.2 hours of general CLE credit in Missouri
Approved for 1.0 hour of general CLE credit in California and Illinois
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