[S-SARA] SARA and HCM2

[Julie Woodruff]

Kyle,

We have not had to address that scenario in Tennessee and we do not have a specific procedure. My gut reaction is to investigate immediately. HCM2 often sounds the death knell for institutions.

Julie M. Woodruff | Assistant Executive Director and Lead Attorney
404 James Robertson Parkway, Suite 1900
Nashville, TN 37243
julie.woodruff at tn.gov<mailto:julie.woodruff at tn.gov>
p. 615-253-8857
c. 615-906-8106
www.tn.gov/thec<http://www.tn.gov/thec>
@TNHigherEd
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From: S-SARA [mailto:s-sara-bounces at lists.onenet.net] On Behalf Of Foster, Kyle
Sent: Monday, October 28, 2019 12:36 PM
To: 's-sara at lists.onenet.net'
Subject: [EXTERNAL] [S-SARA] SARA and HCM2


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Good afternoon, S-SARA colleagues.

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.

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?

Thanks!

Kyle

Kyle Foster
Assistant Vice Chancellor for Academic Affairs
Oklahoma State Regents for Higher Education
655 Research Parkway, Suite 200 | Oklahoma City, OK 73104<https://urldefense.com/v3/__https:/goo.gl/maps/nMc3YG81uo72__;!dyXff_z6q0o!4FssIeEQNSBgVbIq7r8qcVJzuJ6FWAqZMg9wS1JkcMCydkLPRJvfF_OxL1tzkD_6rrCZPg$>
P: +1 405 225 9163 | F: +1 405 225 9300 | E: kfoster at osrhe.edu<mailto:kfoster at osrhe.edu>
[OK_RegentHighEdu_4c_horz]<https://urldefense.com/v3/__http:/okhighered.org/__;!dyXff_z6q0o!4FssIeEQNSBgVbIq7r8qcVJzuJ6FWAqZMg9wS1JkcMCydkLPRJvfF_OxL1tzkD_er9h2gQ$>

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