Meeting of the Board of Regents | April 2008

SUMMARY

Issue for Decision

Should the Board of Regents extend Globe Institute of Technology’s temporary authorization to award degrees?

Reason for Consideration

             

              Required by State regulation.

             

Proposed Handling

This question will come before the Higher Education Committee at its May 2008 meeting, where it will be voted on and action taken.  It then will come before the full Board at its May 2008 meeting for final action.

Procedural History

On October 28, 2007, the former owners of Globe Institute of Technology sold the corporation to 878 Education, LLC.  On November 8, 2007, the new owner submitted an application for consent to a temporary transfer of degree-conferring authority, as well as the Application by a Prospective Owner for Authority to Award Degrees.  At the January 2008 meeting, the Board of Regents found that good cause existed and authorized the Institute under its new owners to award the Associate in Applied Science (A.A.S.), Associate in Occupational Studies (A.O.S.), Bachelor of Business Administration (B.B.A.), and Bachelor of Technology (B. Tech.) degrees for a period beginning immediately and ending on June 14, 2008, with the condition that, by January 14, 2008, it demonstrated to the Commissioner’s satisfaction its financial viability should it not be approved to participate in Title IV programs and the Tuition Assistance Program. 

On March 5-7, 2008, the Department conducted a site visit to Globe to determine whether it meets both the requirements in Part 4 of the Rules of the Board of Regents for institutional accreditation and the Interim Guidelines for a Prospective Owner of a Proprietary College for Authority to Award Degrees.  The Department needs additional time to finish its review and prepare a recommendation to the Board. 

Recommendation

It is recommended that the Board of Regents extend Globe Institute of Technology’s temporary authorization to award degrees until June 24, 2008. 

Timetable for Implementation

If the Board of Regents extends Globe Institute of Technology’s temporary authority to award degrees, the authorization will take place immediately.