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These guidelines outline the procedures and requirements for obtaining the Board of Regents' consent for the transfer of degree-conferring authority when ownership of a proprietary college changes.
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How to fill out Interim Guidelines for the Consent by the Board of Regents to the Transfer of Authority to Confer Degrees upon the Change of Ownership of a Proprietary College

01
Review the Interim Guidelines thoroughly to understand the requirements.
02
Gather all necessary documentation concerning the proprietary college's ownership, including legal agreements and financial statements.
03
Complete the application form provided in the guidelines, ensuring all sections are filled out accurately.
04
Prepare a detailed explanation of the proposed change in ownership and how it will affect the institution's operations.
05
Ensure that all academic programs and degrees currently conferred are outlined clearly in the application.
06
Include information on any changes in administration or governance that will occur due to the change of ownership.
07
Submit the completed application and all supporting documentation to the Board of Regents for review.
08
Await feedback or additional requests for information from the Board of Regents.
09
Make any necessary revisions or provide additional information as requested.
10
Receive the final decision from the Board of Regents regarding the transfer of authority.

Who needs Interim Guidelines for the Consent by the Board of Regents to the Transfer of Authority to Confer Degrees upon the Change of Ownership of a Proprietary College?

01
Proprietary colleges undergoing a change of ownership.
02
New owners or prospective buyers looking to maintain degree-granting authority.
03
Institutional administrators responsible for compliance with regulatory guidelines.
04
Legal and financial advisors involved in the acquisition process.
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The Interim Guidelines outline the processes and requirements that must be followed when a proprietary college changes ownership and seeks approval from the Board of Regents to continue conferring degrees.
The current owners or representatives of the proprietary college that is undergoing a change of ownership are required to file these guidelines with the Board of Regents.
To fill out the guidelines, the required forms must be completed with accurate information regarding the new ownership structure, educational programs, and compliance with state regulations, and then submitted to the Board of Regents for review.
The purpose is to ensure that the transition of ownership does not compromise the quality of education and that the new owners meet all necessary regulatory standards to continue offering degrees.
The information that must be reported includes details about the new ownership structure, financial viability, changes to academic programs, staff qualifications, and compliance with state education regulations.
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