Section A. Please Answer These General Questions
Section A. Please Answer These General Questions
1. Tell us why you are submitting this application. (You may check more than one box.)
Initial Certification. This is a request for initial approval to participate in federal student
financial aid programs and to be initially designated as an eligible institution for other Higher
Education Amendments (HEA) programs.
Update/Other (specify)
3a. Do you have another name such as a trade name or a d/b/a name, under which you legally do business as
a postsecondary educational institution?
Yes No
If yes, what is that name?
Page 1
Section A
3b. During the last 4 years, have you had another name that you have not previously reported to the
Department of Education?
Yes No
If yes, what was that name?
4. Check here if you are an institution resulting from a merger in the past four years, and
give the names and OPEID numbers of the former (pre-merger) institutions.
5. What are the first 6 digits of your 8-digit OPE ID number? The final 2 digits already are entered for
you.
Check here if you are an initial applicant and do not have an OPE ID number, and go to
Question 6.
00
Check here if you are an institution resulting from a merger in the past four years, and give the
OPE ID numbers of the former (pre-merger) institutions.
00 00 00
6a. What is your 9-digit Taxpayer Identification Number (TIN) assigned by the IRS?
Check here if you are an institution resulting from a merger in the past four years, and give the
TINs of the former (pre-merger) institutions.
Page 2
Section A
7. What was your most recently completed award year?
9. Does your institution have a web site (or home page) on the Internet?
Yes No
If yes, list the electronic address (URL).
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Page 3
Section A
11. Who is your chief fiscal officer/financial officer?
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
Page 4
Section A
Telephone number (including area code)
ext:
ext:
13. To whom do you wish us to send all ongoing correspondence and publications concerning federal
student financial aid?
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Page 5
Section A
14. Whom should we contact at your institution if we have questions about information in this form.(Note:
If there is someone you wish us to contact outside of your institution, you may enter them in question 70.)
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Page 6
Section B
15. What is your accrediting agency? (Complete a. if you have institution-wide accreditation; complete b.
if you do not have institution-wide accreditation.)
a. If you have institution-wide accreditation, provide the following information for each agency.
If more than one accrediting agency provides accreditation, designate the one you wish us to use
in determining your eligibility and continued eligibility.
b. If you do not have institution-wide accreditation, provide the following information for each
accrediting agency that either accredits a program that is currently eligible or for which you
are seeking eligibility. (This includes programs such as a hospital-based nursing program or
radiologic technology program.)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate sheet, repeat the
question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as appropriate for each question. Insert
continuation sheets following the page where the question is asked.
Page 7
Section B
16. Check here if you do not offer a flight program, and go to Question 17.
If you offer a flight program, provide your certification number from the U.S. Federal Aviation
Administration (FAA).
Number
17. What state agencies authorize or license you to provide postsecondary educational programs?
(For this question, do not include educational programs that are provided at “distance learning” sites.)
a. Check here if you are a public institution and do not provide at least 50% of an
educational program outside your state, and go to Section C.
b. Check here if you are a public institution and you do provide at least 50% of an
educational program outside your state, and list (for each state other than your “home”
state) each state agency that licenses you, or otherwise provides you with legal
authority, to provide postsecondary educational programs.
c. Check here if you are a private institution, and list each state agency that licenses you,
or otherwise provides you with legal authority, to provide postsecondary educational
programs.
d. Check here if you or your programs are not required to be authorized or licensed by a
state agency, and include a copy of the basis for that determination.
Name of agency
City
State (or province) and zip+4 (and country, if outside the U.S.)
Page 8
Section C
Telephone number (including area code)
ext:
ext:
You must include a copy of your current state license(s) or other state authorization(s) and/or
exemption(s).
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Public institution
For-profit institution
Public institution
For-profit institution (Note: Foreign graduate medical schools and foreign veterinary
schools whose students complete their clinical training at an approved veterinary school
in the U.S., are the only foreign for-profit institution eligible to apply to participate in
federal student financial aid programs.)
Page 9
Section C
19. Check here if this is a request for initial certification, and go to Question 20.
For all other institutions, since you were last certified to participate in federal student
financial aid programs, has your institutional structure checked in Question 18
changed?
Yes No
Check here if you are not a public institution, and list the names of your board of trustees or
your board of directors.
Check here if you have more than 10 on your board, and list only the board’s
executive committee and provide the name of a contact person in Question 21.
Page 10
Section C
21. If you provide only the board’s executive committee in Question 20, tell us who is the appropriate
person to contact for further information about your board (for example, the board’s recording
secretary)?
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Page 11
Section D
Partnership
Proprietorship
23. If you are a corporation, give the name and address of the contact person (sometimes known as the
“registered agent”) within the state or foreign country where you are incorporated.
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
Page 12
ext:
ext:
24. Provide the following information for each person or entity that directly or indirectly owns a 25% or
greater interest in your institution.
City
State (or province) and zip+4 (and country, if outside the U.S.)
Page 13
Telephone number (including area code)
ext:
Page 14
Section D
c. List the following information for each person or entity that directly or indirectly owns a
25% or greater interest in this corporate owner or entity:
Name of owner
City
State (or province) and zip+4 (and country, if outside the U.S.)
Home address
City
State (or province) and zip (and country, if outside the U.S.)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 15
Section D
d. If the owner is an individual (who holds ownership individually, or together with one or more
members of his or her family, or in combination with others, such as a voting trust) provide the
following information.
Name of owner
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 16
Section D
25. Has a person or entity listed in Question 24 or a member of that person's family or a director of your
institution owned 25% or more or held a position listed below of another institution that is now
participating in or ever participated in federal student financial aid programs or of a third-party servicer
listed in Question 58?
individual, or
held by one or more family members, or
in combination with others, such as a voting trust.
Yes No
If yes, what is the name of the owner (either the name of a person or an entity) or the director?
(If a person, include prefix, such as Mr., Ms., Dr.)
If applicable, what is the name of the third-party servicer that is or was owned?
Is there any liability currently owed to the Department that was established during the period
of ownership or position held? (If yes, please explain in Section K, Question 69)
Yes No
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 17
Section E
Note: Post-baccalaureate students pursuing prerequisite coursework (such as prerequisite courses for medical
school) have their eligibility determined on the basis of student eligibility for federal student financial
aid criteria rather than program eligibility criteria. Therefore, these types of programs are not included
here.
Yes No
Page 18
Section E
Check here if you award an associate degree, bachelor’s degree, or higher degree to all
your students who successfully complete any of your programs, and go to Question 28.
If you checked boxes e., g., h., or i. in Question 26, provide the following information.
a. If you checked box e. in Question 26, list the following information for each program.
Name of program
Number of weeks
Page 19
Section E
Number of credit hours
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
b. If you checked boxes g. or h. in Question 26, list the following information for each program.
Name of program
Number of weeks
Is each course within the program acceptable for full credit toward your associate degree or
higher degree.
Yes No
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 20
Section E
c. If you checked box i. in Question 26, list the following information for each program.
Name of program
Number of weeks
Completion rate*
Placement rate*
*Provide the completion rate and the placement rate for your most recently completed award
year. (Instructions on how to calculate the completion rate are found in 34 CFR 668.8(f).
Instructions on how to calculate the placement rate are found in 34 CFR 668.8(g).)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
28. Do you contract with an organization or ineligible institution (such as internship, externships, practicum
in nursing, midwifery, medical technician, etc.) to provide more than 25% of any educational program?
Note: If you contract more than 50% of the program to an organization or ineligible institution,
the program is not eligible for Title IV.
Yes No
a. Name of program
Page 21
Section E
Name of organization or ineligible institution
City
State (or province) and zip+4 (and country, if outside the U.S.)
c. Did the ineligible institution withdraw from participating in federal student financial aid
programs under a termination, show cause, suspension, or similar type of proceeding initiated
by its state licensing agency, accrediting agency, guarantor, or the U.S. Secretary of
Education?
Yes No
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 22
Section F
Name of location
City County
State (or province) and zip+4 (and country, if outside the U.S.)
30. Provide the following information for any of your locations (other than your principal location) that
meet any one of these three criteria and at which you provide educational programs to students whom
you wish to participate in federal student financial aid programs:
Name of location
City County
State (or province) and zip+4 (and country, if outside the U.S.)
Page 23
Section G
OPE ID number of location or if no OPE ID number, check here
DUNS number
Would you like to receive mailings from the Department at this location?
Yes No
Check here if the mailing address is different from the address above, and provide the mailing
address below.
Mailing address
City
State (or province) and zip+4 (and country, if outside the U.S.)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
31. Are any of your programs offered in whole or part by correspondence or telecommunication?
Yes No
32a. For the most recently completed award year, were more than 50% of your courses taught by means of
correspondence? (See CFR 600.7, and 668.38)
Note: If a course is offered through traditional methods and through correspondence, then that course should
be counted under both traditional methods and correspondence. Therefore, the same course might be counted
more than once.
Yes No
Page 24
Section H
32b. For the most recently completed award year, were 50% or more of your regular students enrolled in
correspondence courses? (See 34 CFR 600.7, and 668.38)
Yes No
33. For the most recently completed award year, were 50% or more of your regular students ability-to-
benefit students? (See 34 CFR 600.7 and 668.32)
Note: Do not include students who are being educated at your institution under a specific contract with federal,
state, or local governments for training purposes (such as most contracts under the Job Training
Partnership Act)
Yes No
34. During the most recently completed award year, were 25% or more of your regular students
incarcerated? (See 34 CFR 600.2, 600.7, and 668.32)
Yes No
Check here if this is not an initial application or a change in ownership or structure or for
reinstatement, and go to Section I.
Note: Here “change in ownership or structure” refers to a change in ownership, conversion to or from
a non-profit institution, or a merger of two or more institutions.
If you acquired the institution or if the institution is the result of a merger of two or more former
institutions, you will be liable for any debts incurred by your predecessors under federal student
financial aid programs.
Page 25
Section H
This is an initial application and you are a new institution with a prior history (for example,
you have been in operation for one or two years). Answer all the questions in this section.
Tell us on what date you were both legally authorized to provide and began continuously
providing the education or training program(s) for which you are seeking eligibility.
Start Date Note: If you are a for-profit institution or if you offer only
a progam(s) of less than one academic year, you
must have been in existence for at least two years
to be eligible to participate in federal student financial
aid programs. (See 34 CFR 600.5 and 600.6)
You are an institution with a change in your ownership. Answer Questions 36, 37, and 38, then
go to Section I.
You are an institution that converted to a not-for-profit institution. Answer Questions 36, 37,
and 38, then go to Section I.
You are an institution that converted to a for-profit institution. Answer Questions 36, 37, and
38 then go to Section I.
You are an institution resulting from a merger in the past four years. Answer Questions 36, 37,
and 38 about the newly formed institution, then go to Section I.
You are an institution seeking reinstatement. Answer all the questions in this section.
36. How many full-time equivalent (FTE) financial aid staff members do you have?
Administrative, counselors, or other professionals
FTE
Clerical
FTE
Page 26
Section H
37. Indicate all of the federal student financial aid programs in which you are seeking approval to
participate. (Note: Foreign institutions, including foreign graduate medical schools, may apply only for
the Federal Family Education Loan [FFEL] Program.)
38. Do you anticipate an increase of 10% or more in your student body in the next award year?
Yes No
If yes, how many regular students do you estimate would be eligible to receive federal student financial
aid for the remainder of the current award year and each of the next two award years if you become
eligible to participate in federal student financial aid programs?
Estimated number for the award year following the next award year
Page 27
Section I
39. Provide the following information about your regular students. (If a student drops out and then
reenrolls, count the student each time.)
a. How many regular students were enrolled at your institution during your most recently
completed award year?
b. How many regular students in a. dropped out during the 100% refund period during your most
recently completed award year?
c. How many regular students in a. dropped out after the 100% refund period during your most
recently completed award year?
40. If you provide vocational programs, list all such educational programs
(not classes):
• that you have provided continuously for at least 24 months
and
• for which you would like regular students to be eligible for federal student financial aid.
Name of program
Check here if you need space to give more answers and continue on a separate sheet. On the separate sheet,
repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as appropriate
for each question. Insert continuation sheets following the page where the question is asked.
Note: If you are a foreign institution, you must include a copy of your most recent catalog and a certified
English translation (see glossary) of all sections dealing with degrees and programs provided at
your institution.
41. Do you admit as regular students only people who have a credential of secondary school completion or
its recognized equivalent?
Yes No
Page 28
Section I
42. In the country where you are located, are you legally authorized to provide an educational program
beyond the secondary school level?
Yes No
You must include a copy of your legal authorization and its certified English translation.
If yes, what is the name and address of the agency or ministry within the country that enforces
this authority?
Name of agency
City
Country
ext:
ext:
43. Are you legally authorized to award a degree that is equivalent to an associate, baccalaureate,
graduate, or professional degree awarded in the United States?
Yes No
You must include a copy of your legal authorization and its certified English translation.
44. Do you provide an educational program that is at least a two-academic-year program acceptable for
full credit toward the equivalent of a baccalaureate degree awarded in the United States?
Yes No
Page 29
Section I
45. Do you provide any educational programs that meet all three of these criteria?
• The program is equivalent to at least a one-academic-year training program in the
United States.
and
• The program leads to a certificate, degree, or other educational credential that is
equivalent to one offered in the United States.
and
• The program prepares students for gainful employment in an occupation that is
equivalent to one in the United States.
Yes No
46. Do you have administrative offices and/or recruiting offices in the United States that represent you?
Yes No
If yes, provide the following information.
Name of office
City
ext:
ext:
Page 30
Section I
Name of contact person at the office:
First name, Middle initial, Last name
(include prefix, such as Mr., Ms., Dr.)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Check here if you are a foreign institution that is not a foreign graduate medical or veterinary school
and go to Section J.
47. Where is the facility at which you provide graduate medical or veterinary educational program instruction
in your country?
Name of facility
Address
City
Country
ext:
Fax number (including area code)
ext:
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 31
Section I
48. What entity in your country is legally authorized to evaluate the quality of your graduate medical
educational program?
Name of entity
Address
City
Country
ext:
ext:
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 32
Section I
49. Are you approved by the entity (or entities) listed in Question 48 to provide a graduate medical
educational program in your country?
Yes No
You must include a copy of each approval and its certified English translation.
50. What is the length of the program of graduate clinical and medical instruction?
months
51. Is any part of your program of graduate clinical instruction provided in the United States?
Yes No
If yes, provide the following information.
a. Name of facility
City
ext:
ext:
Do you provide the remainder of your program of graduate medical instruction in your country?
Yes No
Page 33
Section I
c. What medical licensing boards and evaluating bodies in the United States currently approved
the clinical training in the United States?
d. Was your clinical training program in the United States approved as of January 1, 1992 by the
state in which you offter it?
Yes No
You must include a copy of the approval.
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
52. List the dates of graduation and the number of regular students who graduated within the past three 12-
month periods.
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
53. What are the beginning and ending dates of your institution’s most recently completed academic year?
Beginning date
Ending date
Page 34
Section J
54. How many full-time regular students were enrolled during the most recently completed academic year?
55. How many of the regular students in Question 54 were not U.S. citizens or residents eligible for U.S. federal
financial aid programs?
56. If your school is located in Canada, go to Section J. During the most recently completed academic year,
how many of your regular students and graduates from the three preceding years took any "step" of the
examinations administered by the Education Commission for Foreign Medical Graduates?
How many of these students received passing scores on any “step” of the examinations?
57. Check here if you are a foreign institution that is not a foreign veterinary school, and go to
Section J.
Check here if your students complete their clinical training at an approved veterinary
school in the United States.
City
State
Page 35
Telephone number (including area code) & ext.
Ext.
Ext.
Note: Do not list independent auditors. Also do not list vendors that provide books, forms, or computer programs (in
other words, do not list vendors unless they actually perform services or functions for which you are responsible
under the HEA programs).
Job title
Page 36
Section J
Company name
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Other (specify)
Check here if you need space to give more than one answer and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on as
appropriate for each question. Insert continuation sheets following the page where the question is asked.
Page 37
Section K
Note: To expand on any of your answers, use Question 69, or explain why the question was not answered.
59. Do you have a system of internal checks and balances for administering federal student financial aid
that meets federal regulations? (See 34 CFR 668.16.)
Yes
60. Do you divide the functions of determining student awards and disbursing funds that result from those
award decisions? (See 34 CFR 668.16.)
Yes
61. Do you have procedures that ensure frequent, periodic reconciliation of fiscal office and financial aid
office award data? (See 34 CFR 668.14, 668.16, 668.24, 674.19, 675.19, 676.19, and 690.81.)
Yes
62. Do you have a system to identify and resolve discrepancies in information you receive from various
sources about a student’s application for financial aid? (See 34 CFR 668.16.)
Yes
63. Do you have a policy that meets federal regulations for requiring satisfactory academic progress for
recipients of federal student financial aid? (See 34 CFR 668.16 and 668.34.)
Yes
64. Do you have procedures that ensure that your requests for federal cash do not exceed the amount of
funds you need immediately to make aid disbursements to students? (See 34 CFR 668.163.) (This
question does not apply to foreign schools.)
Yes
65. Do you have a policy that meets federal regulations for returning Title IV funds when a student withdraws
from classes? (See 34 CFR 668.22.)
Yes
66a. Have you submitted your required annual financial statement audits to us on time? (For initial
applicants, have you established a process to ensure that you submit your required annual financial
statement audit to us on time?) (See 34 CFR 668.23.)
Yes
Page 38
Section K
66b. Have you submitted your required annual federal student financial aid compliance audits to us on
time? (For initial applicants, have you established a process to ensure that you submit your required
annual federal student financial aid compliance audit to us on time?) (See 34 CFR 668.23.)
Yes
67. Do you use the electronic processess required by the Secretary? (See 34 CF668.16)
Yes
68. Do you have a process to insure you obtain the necessary approvals from the Department for
expanding or re-establishing your institutional eligibility, (such as changes of ownership resulting
in a change of control, excluded changes in ownership, or adding new locations in certain
circumstances), and that you notify us within 10 days about other important changes (such as
changing your name, address or official)? (See 34 CFR 600.10, 600.20 and 600.21)
Yes
69. (Optional) Use this area if you need extra space to tell us about any unusual circumstances or
to provide additional explanations about your application.
Check here if you need additional space and continue on a separate sheet. On the separate
sheet, repeat the question being answered, numbering each sheet as page 1 of 3, page 2 of 3, and so on
as appropriate for each question. Insert continuation sheets following the page where the question
is asked.
Page 39
Section K
70 a. (Optional) Provide the following information for any person or firm outside your institution that you
wish to designate as your agent to represent you in matters related to this application.
Job Title
Company name
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
70 b. Who is the official authorized to certify FFEL loan applications for your institution?
First name, Middle initial, Last name
(include prefix, such as Mr., Ms., Dr.)
Job Title
Company Name
Page 40
Section K
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
ext:
Job Title
Company Name
City
State (or province) and zip+4 (and country, if outside the U.S.)
Page 41
Section K
71. Identify gifts received from or contracts entered into with foreign sources that exceed $250,000
in the calendar year or it is owned or controlled by a foreign source.
Gift Type
Date received
(mm/dd/yyyy format)
Amount
Giver Name
Country
(mm/dd/yyyy format)
(mm/dd/yyyy format)
Page 42
Section L
I hereby certify that, to the best of my knowledge and belief, all information in this document is true and
correct. I understand that if my institution provides false or misleading information, (a) the U.S. Department of
Education may deny the institution’s request for eligibility to participate in federal student financial aid
programs and/or revoke eligibility once it has been granted and (b) the institution may be liable for all federal
student financial aid funds it or its students received. I also understand that I may be subject to a fine of not
more than $25,000 or imprisonment of not more than five years, or both, for misinformation that is material to
receipt and stewardship of federal student financial aid funds.
Signature of President/CEO/Chancellor
Date
Name of institution
Name of President/CEO/Chancellor
Check here if this is the same person as in Question 10. If not, complete the information below.
Job title
City
State (or province) and zip+4 (and country, if outside the U.S.)
ext:
Fax number (including area code)
ext:
E-mail address (if applicable)
Page 43
Section M
Section M. Please include copies of appropriate
documents as part of your application.
Indicate all copies of documents you are including with this application.
A default management plan other than the plan recommended by the Secretary of Education.
(check this box, do not include theplan); or
The institution is exempt under 487(a)(14)(C) of the HEA from providing a default
management plan.
Audited financial statements of the institution's new owner's two most recently completed fiscal years
that are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and audited in
accordance with Generally Accepted Government Auditing Standards (GAGAS) or equivalent information
for that owner that is acceptable to the Secretary.
Same-day balance sheet, audited in accordance with GAGAS, showing the financial condition of the
institution after the change in ownership.
A default management plan other than the plan recommeded by the Secretary of Education.
(enclose a copy of the plan); or
The institution is exempt under 487(a)(14)(C) of the HEA from providing a default
management plan. Page 44
Section M
For institutions seeking reinstatement (See Question 35)
Audited financial statements for the two most recently completed fiscal years that are prepared in
accordance with Generally Accepted Accounting Principles (GAAP) and audited in accordance with
Generally Accepted Government Auditing Standards (GAGAS).
The institution is exempt under 487(a)(14)(C) of the HEA from providing a default
management plan.
For private nonprofit institutions—a certified English translation of nonprofit designation status (See
Question 18)
Most recent catalog and its certified English translation of all sections dealing with degrees and
programs provided at your institution (See Section I)
Legal authorization and its certified English translation to provide an educational program beyond the
secondary school level in the country where you are located (See Question 42)
Legal authorization and its certified English translation to award a degree that is equivalent to a degree
awarded in the United States (See Question 43)
Legal authorization and its certified English translation to provide graduate medical education (See
Question 49)
The default management plan recommended by the Secretary of Education. (check this box, do
not include the plan); or
A default management plan other than the plan recommended by the Secretary of Education.
(enclose a copy of the plan); or
The institution is exempt under 487(a)(14)(C) of the HEA from providing a default
management plan.
Page 45