Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 77

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1
Chunk 77
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institutions or programs are subject to negative accreditation actions or are placed on probationary accreditation status, we may experience
adverse publicity, impaired ability to attract and retain students, and substantial expense to obtain unqualified accreditation status.
The inability to obtain reaccreditation following periodic reviews or any final loss of institutional accreditation after exhaustion
of the administrative agency processes would result in a loss of Title IV Program funds and state authorization for the affected institution.
Such events and any related claims brought against us could have a material adverse impact on our business, reputation, financial condition,
results of operations and cash flows.

Programmatic
Accreditation. Many states and professional associations require professional programs to be accredited. While programmatic
accreditation is not a sufficient basis to qualify for institutional Title IV Program certification, programmatic accreditation may
improve employment opportunities for program graduates in their chosen field. Moreover, ED requires an institution to hold
programmatic accreditation for an educational program 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). The veterinary technology program at CCC is
accredited by the American Veterinary Medical Association. Integrity’s Registered Nurse to Bachelor of Science in Nursing
holds pre- accreditation candidacy status from the Commission for Nursing Education Accreditation. Additionally, CCC is pursuing
initial programmatic accreditation with ABHES for the Surgical Technology Associate of Applied Science program for consideration
during the Spring 2026 visit cycle. The Associate of Applied Science in Surgical Technology at CCMCC is accredited by ABHES and will
engage in reaccreditation in the Spring 2026 visit cycle. All of the Title IV-eligible educational programs offered by our
institutions are within the scope of institutional accreditation from either ACCET or ABHES, and we do not believe any of our Title
IV-eligible educational programs that do not hold programmatic accreditation are required to hold programmatic accreditation by any
currently applicable state or federal agency. Those of our programs that do not have programmatic accreditation, where available, or
fail to maintain such accreditation, may experience adverse publicity, loss of access to Title IV funds, declining enrollments,
litigation or other claims from students or suffer other adverse impacts, which could result in it being impractical for us to
continue offering such programs.

ED
Recognition of Accrediting Agencies. Our participation in Title IV Programs is dependent on ED continuing to recognize the accrediting
agencies that accredit our colleges and universities. Each of