Brief Description of Approved Experiment

**1. Overaward Tolerance**

> The Institution is provided a limited exemption from the provisions in
> the FFEL and Direct Loan Program regulations that require the
> correction of overawards that arise before the loan is fully
> disbursed. 34 CFR 682.603(d)(2)(FFEL) and 34 CFR
> 685.301(a)(3)(ii)(Direct Loans). The exemption is limited to
> overawards of \$300 or less.

**2. Entrance Loan Counseling**

> The Institution is exempt from the entrance loan counseling
> requirements in the following regulations: 34 CFR 674.16(a)(1)(iv),
> (vii), (xi) and (xii)(Perkins); 34 CFR 682.604(f)(FFEL); and 34 CFR
> 685.304(a)(Direct Loans). The Institution agrees that it will monitor
> the default rate of borrowers in the experiment and, if the experiment
> is not producing the desired outcome, develop and implement corrective
> actions as necessary.

**3. Exit Loan Counseling**

> The Institution is exempt from the exit loan counseling requirements
> in section 485(b) of the Act and the following regulations: 34 CFR
> 674.42(a)(Perkins); 34 CFR 682.604(g)(FFEL); and 34 CFR
> 685.305(b)(Direct Loans). The Institution agrees that it will monitor
> the default rate of borrowers in the experiment and, it the experiment
> is not producing the desired outcome, develop and implement corrective
> actions as necessary.

**4. Loan Fees in Cost of Attendance**

> The Institution is exempt from the provisions of section 482(12) of
> the Act that require the addition of Federal loan fees to cost of
> attendance. The Institution agrees that it will measure the number of
> borrowers in the experiment for whom loan fees are included in the
> cost of attendance and the increased amount of Title IV loan funds
> disbursed to them. If the experiment is not producing the desired
> outcome, the Institution will develop and implement corrective actions
> as necessary.

**5. Loan Proration for Graduating Borrowers**

> The Institution is exempt from the provisions of sections
> 425(a)(1)(A)(ii)(II) and (III)(II), and 428(b)(I)(A)(ii)(II) and (iii)
> (II) of the Act that require loan proration of FFEL and Direct Loans
> for graduating borrowers with less than a full academic year remaining
> and the following regulations: 34 CFR 682.204(a)(3)(ii)(FFEL) and 34
> CFR 685.203(a)(3)(ii)(Direct Loans). The Institution agrees that it
> will monitor the number of borrowers in the experiment who withdraw
> and who complete the term. If the experiment is not producing the
> desired outcome, the Institution will develop and implement corrective
> actions as necessary.

**6. Credit Title IV Aid to Institutional Charges**

> The Institution is exempt from the requirement in 34 CFR
> 668.165(b)(3)(iv) to obtain written authorization from students or
> parents to credit Title IV aid to institutional charges. The
> Institution agrees that it will provide the following minimum student
> consumer information to all students who receive Title IV assistance:
> (a) the Institution's policy on crediting Title IV aid to
> institutional charges, and (b) procedures for a student to decline the
> automatic crediting of these charges. The Institution will perform an
> annual management self-assessment on the effectiveness of this student
> consumer information and take corrective actions as necessary. The
> Institution further agrees that it will measure the number of students
> who decline the automatic crediting of charges.

**7. Credit Title IV Aid to Prior Term Charges**

> The Institution is exempt from the prohibition in 34 CFR 668.165(b)(1)
> against crediting Title IV aid to prior term charges. The Institution
> agrees that it will provide the following minimum student consumer
> information to all enrolled students: institutional policy on
> crediting Title IV aid to prior term charges and procedures for a
> student to decline this automatic crediting of prior term charges. The
> Institution will perform an annual management self-assessment on the
> effectiveness of this student consumer information and take corrective
> actions as necessary.

**8. Ability to Benefit**

> The Institution is exempt from the requirements of the ability to
> benefit provisions in section 484(d)(1) of the Act and 34 CFR
> 668.32(e)(1) of the regulations. The Institution may admit and provide
> financial aid to students who do not have a high school diploma or its
> recognized equivalent and have failed the ATB test, but have completed
> at least six college level credits, in core courses, acceptable by the
> community college with a cumulative grade point average of "C" or
> better.