Documents Out For Public Comment
The Distance Education Accrediting Commission has the authority to establish and promulgate criteria for the evaluation and accreditation of distance education institutions. These criteria take the form of Accreditation Standards, Policies, and Procedures set forth in the DEAC Accreditation Handbook. The Accrediting Commission uses these criteria as it evaluates institutions and makes accreditation decisions. The criteria are under a continual and systematic review. Changes are made as appropriate and as required.
Persons, institutions and organizations with an interest in the Commission’s accreditation standards and policies are invited to comment on Proposed Accreditation Standards, Policies and Procedures. and will be notified of the date for when any changes will be given final consideration by the Accrediting Commission. Interested persons, institutions, and organizations will be given at least 30 days to file written comments with the Executive Director of the Accrediting Commission.
The Accrediting Commission, after considering written comments, will conduct a further review of changes proposed to the Standards, Policies and Procedures. The Commission may adopt the changes to Accreditation Standards, Policies and Procedures as proposed, adopt with changes or modifications, defer action until further study and consideration is given, or discard the proposed changes altogether.
Proposed Changes to the DEAC Accreditation Handbook
The Commission approved the following changes for public comment in the area of disclosures of Federal Truth in Lending (TILA) and Regulation Z requirements. New language is indicated by the bolded text.
III. REQUIRED DISCLOSURES FOR CANCELLATIONS, REFUNDS AND DISCOUNTS.
a. Appropriate state and local retail installment requirements (e.g., type size, notice to buyer, computation example, etc.), as well as appropriate Federal truth-in-lending requirements (Regulation Z) are disclosed when more than four payments are scheduled.
b. The enrollment agreement includes any truth-in-lending requirements and, if there is a separate payment contract, incorporates that document in the enrollment agreement by reference.
Comments are due May 2, 2015 and should be sent to Sally Welch. Please expect an e-mail acknowledging receipt of your comments.