Change of Ownership

Asset Sale

In the event of an asset sale, designation status cannot be assigned from the seller to the purchaser. The purchaser will be treated as a new educational institution that must apply for designation and meet all Institution Designation Criteria. The purchaser may apply for an exemption from the Institution Designation Waiting Period.

Share Sale

In the event of a share sale, the educational institution retains any existing designation status, including any prior history (including repayment rate and compliance history) and all rights, and obligations with respect to designation.