Beauty Link - Volume 4, Issue 1 - (Page 36)
AND THEN THERE’S COMPLIANCE
The Road Ahead
Compliance Efforts in 2012: A Chat with Cindy Bryant
AS VICE PRESIDENT of Compliance at MaxKnowledge, Cindy Bryant oversees the development, implementation and facilitation of compliance training courses for private sector colleges. Cindy recently chatted with BeautyLink about issues that will dominate member schools’ compliance efforts this year.
BL: What are some resources that can help AACS member schools navigate a changing regulatory environment? CB: Accrediting agencies, state regulatory agencies as well as state and national associations like AACS are excellent resources for providing information on changing requirements. Many of these organizations create white papers on regulatory issues as well as hold workshops, conferences, webinars and online training. For example, the AACS Online Training Center (www.aacstraining.org) offers several compliance training courses including Compliant Communications with Students, a fourhour course sponsored by the National Association of State Administrators and Supervisors of Private Schools (NASASPS). I encourage schools to implement a triad training approach that includes owners, faculty and staff. While it would be nice to immerse staff in comprehensive education on all of the issues affecting the private sector, schools cannot neglect their duty of educating students. Schools should not be intimidated to call their accrediting and state agency representative and ask questions. It is beneﬁcial for everyone involved to eliminate any doubt or misunderstanding.
BeautyLink (BL): What are some of the most significant compliance issues member schools will have to deal with in 2012? Cindy Bryant (CB): Documentation requirements
and annual reporting under Gainful Employment will demand new reporting methods, in-depth analysis and a signiﬁcant investment of time. The Department of Education estimates that the burden of adding new programs alone will demand more than 3,500 additional man hours. Schools also must ensure their programs comply with new Gainful Employment Debt measures. Under the prescribed measures, a program is now considered to lead to gainful employment if it has a repayment rate of at least 35 percent, or if its annual loan payment under the debt-to-earnings ratio is 12 percent or less of annual earnings, or 30 percent or less of discretionary income. Schools that have heavily relied on promoting deferments and forbearances as their default management plan are being forced into a paradigm shift because deferments and forbearances will not satisfy the loan repayment measure. These schools must now shift their focus from helping a student return to a non-delinquent status to promoting payment regardless of the student’s circumstances. The new mantra must be, “How much can you pay?”
Did You Know?
The AACS Online Training Center offers several compliance training courses including Compliant Communications with Students, a four-hour course sponsored by NASASPS. Visit www.aacstraining.org to learn more.
BL: How can school owners collaborate with internal and external sources to effectively manage compliance at their school? CB: Collaboration and information sharing are powerful tools. Internally, a school’s success is contingent upon the training and education of its leaders. School owners must ensure that their faculty and staff are apprised of changing rules and regulations that affect their programs. Externally, consideration should be given to serving on regulatory committees and associations. This type of service provides the school representative with an opportunity to engage in relevant discussions. Schools should also focus on building a positive image within their communities. Hosting legislative visits, joining the local Chamber of Commerce, creating alumni groups and participating in community service can all showcase the value that AACS member schools contribute to their communities. Cindy Bryant o v e r s e e s t h e d e v e l o p m e n t , imple me ntation an d fa cilitation of complia n c e t r a i n i n g c o u r s e s fo r p r iv a t e s e c t o r colleges and universities. Contact Cindy at email@example.com.
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Table of Contents for the Digital Edition of Beauty Link - Volume 4, Issue 1
Message from the AACS President and CEA Chair
Workings of Washington
A Trade Show Workout
Building a Bulletproof School
The Art of Edutainment
Beyond the Fluff
And Then There's Compliance
Beauty Changes Lives
Spring Operations Conference Info
AACS Is Connecting Members
Associate Member Profiles: Collections
People & Places
New Products & Services
New School Members
Upcoming 2012 Events
Index to Advertisers
Beauty Link - Volume 4, Issue 1
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