Company: LGCY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022296
Chunk: 158

Company: Legacy Education Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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 Legacy Education, L.L.C. is deemed to have acquired Integrity in December 2019.
As of September 30, 2025, Integrity had 220 students enrolled in its programs.

Contra
Costa Medical Career College

Contra
Costa was established in the state of California in 2007. Contra Costa’s campus is located in Antioch, California. Contra
Costa offers VN, surgical technology, sterile processing technician, pharmacy technician, medical assisting with phlebotomy,
clinical medical assisting, dental assisting, diagnostic medical sonography, EKG/ECG technician, medical administrative
assistant/billing and coding specialist, and phlebotomy (avocational) programs. As of September 30, 2025, Contra Costa had 463 students enrolled in its
programs.

Recent
Developments

Regulatory
Updates

Negotiated
Rulemaking

ED
has promulgated a substantial number of new regulations in recent years that impact our business on a broad range of topics that have
had significant impacts on our business, requiring a large number of reporting and operational changes and resulting in changes to and
elimination of certain educational programs. Future regulatory actions by ED or other agencies that regulate our institutions are likely
to occur and to have significant impacts on our business, require us to change our business practices and incur costs of compliance and
of developing and implementing changes in operations, as has been the case with past regulatory changes. See Annual Report at Form 10-K
at “Education Regulations – Negotiated Rulemaking.”

On
April 4, 2025, ED announced its intention to conduct negotiated rulemaking to prepare proposed regulations on topics pertaining to Title
IV regulations, potentially including Public Service Loan Forgiveness, loan repayment programs, and “streamlining” current
federal student financial assistance regulations.

2

ED published a notice of proposed rulemaking on public service loan forgiveness
on August 18, 2025, and published the final regulations on October 31, 2025 with an effective date of July 1, 2026. The regulations include
provisions that, among other things, amend components of the public service loan forgiveness program. We are currently evaluating these
recently published regulations to determine any potential material impact on our business and schools.

On July 24, 2025, ED announced it intended to establish
two negotiated rulemaking committees: one that will consider changes to the federal student loan programs and one that will consider