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<p class="MsoNormal"><span style="color:#1F497D">Kyle,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Sharing with the group:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">We have proposed amendment to our licensing regulation re: HCM to require</span><span style="color:#1F497D"> institutions to notify us within 10 days of HCM placement and re: coverage for unearned tuition – you
can see the full agenda item starts at page 41, and specifically the proposed language re: HCM is on page 58:
</span><a href="http://cpe.ky.gov/aboutus/agendas/cpe_meetings/agenda-103119.pdf">http://cpe.ky.gov/aboutus/agendas/cpe_meetings/agenda-103119.pdf</a> .
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l1 level1 lfo3"><![if !supportLists]><span style="font-size:11.0pt;font-family:Symbol;color:#1F497D"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">To clarify, this proposed amended licensing regulation 13 KAR 1:020 is a different regulation from our SARA regulation 13 KAR 4:010. <o:p></o:p></span></p>
<p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l1 level1 lfo3"><![if !supportLists]><span style="font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">The next step in the process regarding this proposed amended licensing regulation is that it is on the agenda for the LRC’s Administrative Regulation
Review Subcommittee meeting on November 12 <a href="https://apps.legislature.ky.gov/CommitteeDocuments/3/12152/Tentative%20ARRS%20November%20Agenda.pdf">
https://apps.legislature.ky.gov/CommitteeDocuments/3/12152/Tentative%20ARRS%20November%20Agenda.pdf</a> .
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">In addition, I have scheduled on my calendar to check the USDoE webpage re: HCM status as USDoE updates it quarterly, and that is also part my financial review that I do as part of our annual licensure renewal
process. </span><a href="https://studentaid.ed.gov/sa/about/data-center/school/hcm">https://studentaid.ed.gov/sa/about/data-center/school/hcm</a><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><![if !supportLists]><span style="font-size:11.0pt;font-family:Symbol;color:#1F497D"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">FYI – Here are two articles that provide a bit of history regarding two KY institutions that were on HCM2 and closed, and the USDoE’s decision to start
posting HCM status on its webpage beginning in 2015: <o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-left:1.0in;text-indent:-.25in;mso-list:l0 level2 lfo1">
<![if !supportLists]><span style="font-size:11.0pt;font-family:"Courier New";color:#1F497D"><span style="mso-list:Ignore">o<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><a href="https://www.insidehighered.com/news/2015/03/26/education-dept-keeps-secret-names-colleges-found-be-risky-students-taxpayers">https://www.insidehighered.com/news/2015/03/26/education-dept-keeps-secret-names-colleges-found-be-risky-students-taxpayers</a>
<span style="color:#1F497D"><o:p></o:p></span></span></p>
<p class="MsoListParagraph" style="margin-left:1.0in;text-indent:-.25in;mso-list:l0 level2 lfo1">
<![if !supportLists]><span style="font-size:11.0pt;font-family:"Courier New";color:#1F497D"><span style="mso-list:Ignore">o<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><a href="https://www.insidehighered.com/news/2015/03/30/education-department-will-release-list-colleges-found-be-risky-students-taxpayers">https://www.insidehighered.com/news/2015/03/30/education-department-will-release-list-colleges-found-be-risky-students-taxpayers</a><span style="color:#1F497D"><o:p></o:p></span></span></p>
<p class="MsoListParagraph" style="margin-left:1.0in;text-indent:-.25in;mso-list:l0 level2 lfo1">
<![if !supportLists]><span style="font-size:11.0pt;font-family:"Courier New";color:#1F497D"><span style="mso-list:Ignore">o<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">As note, one of the KY institutions, Mid-Continent University, had a federal financial responsibility score of 3.0 at the time it was placed on HCM2.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Another thought: Is the institution you reference also on probation with its accreditor, or about to be? When an institution that we license is on probation with its accreditor, the institution must notify us
and submit an application to us re: change in accreditation status, and we have option to issue a conditional license.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">With respect to SARA, we have not yet had an instance where we had a SARA institution placed on HCM2 (we didn’t join SARA until 2016, after our two HCM2 institutions closed). But if we ever do, we would contact
NC-SARA and SREB to make sure we were doing what needed to be done. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Hope this helps!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Best,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-family:"Verdana",sans-serif;color:#1F497D">Sarah Levy, J.D.</span></b><b><span style="font-family:"Verdana",sans-serif;color:#1F497D"><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Executive Director, Postsecondary Licensing<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Kentucky Council on Postsecondary Education<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">1024 Capital Center Drive, Suite 320<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Frankfort, KY 40601<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Phone: (502) 892-3034<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Fax: (502) 573-1535<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:#1F497D">Email:
</span><u><span style="font-family:"Verdana",sans-serif;color:#4F81BD"><a href="mailto:sarah.levy@ky.gov">sarah.levy@ky.gov</a><o:p></o:p></span></u></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black">This message may contain sensitive or confidential student and/or academic information and is for the exclusive use of the intended recipient(s). If you have received this communication in error, please return
it to the sender indicating that you received it by mistake and delete the email.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> S-SARA <s-sara-bounces@lists.onenet.net> <b>On Behalf Of
</b>Foster, Kyle<br>
<b>Sent:</b> Monday, October 28, 2019 1:36 PM<br>
<b>To:</b> 's-sara@lists.onenet.net' <s-sara@lists.onenet.net><br>
<b>Subject:</b> [S-SARA] SARA and HCM2<o:p></o:p></p>
</div>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif">Good afternoon, S-SARA colleagues.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif">I hope this Monday is treating everyone well! I wanted to toss out a question to get everyone’s perspectives and hopefully learning something new.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif">Our office was cc’d on a letter today informing a SARA-participating institution that they have been placed on Heightened Cash Monitoring 2 (HCM2). The institution is
set to renew in January 2020. Do your states have a procedure when you are notified that a school has been placed on HCM? If so, do you act immediately or wait for the renewal?<br>
<br>
Thanks!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif">Kyle<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri Light",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:18.0pt;font-family:Vijaya">Kyle Foster<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:Vijaya">Assistant Vice Chancellor for Academic Affairs<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:Vijaya">Oklahoma State Regents for Higher Education<o:p></o:p></span></p>
<p class="MsoNormal"><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__goo.gl_maps_nMc3YG81uo72&d=DwMFAg&c=jvUANN7rYqzaQJvTqI-69lgi41yDEZ3CXTgIEaHlx7c&r=Zi_dVH4hlVseozQpDbd9QEHHLRvumCsDTJk92icxhs8&m=uDwQYGk_vnYUlMflyaPHBZwJFh9VIrQGzGvxzhSat0g&s=QqxfVkkTjLpMYgpma6NCJ0gsgGj-QSBuy2qhjPeeetA&e="><span style="font-size:12.0pt;font-family:Vijaya">655
Research Parkway, Suite 200 | Oklahoma City, OK 73104</span></a><span style="font-size:12.0pt;font-family:Vijaya"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:Vijaya">P: +1 405 225 9163 | F: +1 405 225 9300 | E:
</span><a href="mailto:kfoster@osrhe.edu"><span style="font-size:12.0pt;font-family:Vijaya">kfoster@osrhe.edu</span></a><span style="font-size:12.0pt;font-family:Vijaya"><o:p></o:p></span></p>
<p class="MsoNormal"><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__okhighered.org_&d=DwMFAg&c=jvUANN7rYqzaQJvTqI-69lgi41yDEZ3CXTgIEaHlx7c&r=Zi_dVH4hlVseozQpDbd9QEHHLRvumCsDTJk92icxhs8&m=uDwQYGk_vnYUlMflyaPHBZwJFh9VIrQGzGvxzhSat0g&s=ClctBHJqTjqbdL89mK6NxkPtkcaZTVwifvuWUaY5tJg&e="><span style="font-family:Vijaya;color:windowtext;text-decoration:none"><img border="0" width="372" height="82" style="width:3.875in;height:.8541in" id="Picture_x0020_1" src="cid:image001.jpg@01D58E44.39F7D040" alt="OK_RegentHighEdu_4c_horz"></span></a><span style="font-family:Vijaya"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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