Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 11

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1
Chunk 11
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financial operations, data security and privacy, adequacy and substantiation of graduation and job placement rates and other student
outcomes, distribution of information to current and prospective students, professional licensure requirements, payment of refunds to
students who withdraw, the receipt of federal and state financial aid by our students (including institutional, programmatic, and student
eligibility requirements), private and institutional loan programs, distance education, third party servicers, written arrangements with
other institutions or organizations to provide some or all of an educational program, student complaints, student services, student admissions,
transfer of academic credits, acquisitions or openings of new institutions, additions of new campuses and educational programs, closure
or relocation of existing locations and changes in corporate structure and ownership.

Each
of our institutions (HDMC, CCC, Integrity and CCMCC) participate in the Title IV Programs, as well as other federal and state financial
aid programs and are subject to extensive regulation by ED, other federal and state educational agencies and accreditors. CCC, HDMC,
and CCMCC are approved to offer, and must comply with applicable requirements related to, veterans education assistance administered
by the Department of Veterans Affairs (“VA”). CCC and HDMC are also approved to offer and must comply with applicable requirements
related to Cal Grants administered by the California Student Aid Commission, and funds administered under the Workforce Innovation and
Opportunity Act. We derive a substantial portion of our revenue and cash flows from the Title IV Programs and a significant portion of
our students rely on financial aid received under the Title IV Programs in order to attend our institutions. To participate in the Title
IV Programs, an institution must receive and maintain authorization by the appropriate state education agencies, be accredited by an
accrediting body recognized by ED, hold programmatic accreditation if required by a state or federal agency (including as a condition
of employment in the occupation for which the institutional program prepares the students), and be certified by ED as an eligible institution.

The
laws, regulations, standards and policies of our regulators change periodically and are subject to new and changing interpretation by
our regulators. Changes in, or new interpretations of, applicable laws, regulations, standards, or policies, or our failure to comply
with those laws, regulations, standards, or policies could have a material adverse effect on our receipt of funds under the Title IV
Programs and other federal and state financial aid programs, the accreditation of our institutions and programs, the authorization of
our institutions to operate in