668.41 requirements and definitions for all the required disclosures, and additional specific requirements for each of the types of disclosures. Further requirements for each type of disclosure are provided in Sections 668.42 - 668.48. Several sections in the Federal Register notice have been rewritten, and are published in their entirety, reflecting currently existing requirements as well as new and revised requirements. 668.42 - 668.48 must be made available to current and prospective students upon request. The notice must include a statement of the report s availability, a description of the report, and an opportunity to request a copy.
Prospective student is defined in Sec.
Prospective employee is defined in Sec. This section is unchanged, except for renumbering. The information that must be made available to current and prospective students includes a description of the financial assistance programs available, the application forms and procedures, eligibility requirements, criteria for selection, criteria for determining the amount of the award, satisfactory progress standards, disbursement methods, loan terms, and the conditions and terms for employment provided as part of a student s financial assistance package. This section includes new regulations for disclosures about refund policies, return of Title IV assistance, and requirements for officially withdrawing from the institution. This section is unchanged, except for renumbering.