Paul Lannon is a Partner in our
Boston office
This alert is designed to help educational institutions
understand the new Improving Transparency of Education
Opportunities for Veterans Act, which establishes a ban on
incentive compensation based on success in securing student
enrollments or financial aid.
What has changed?
On January 10, 2013, Congress directed the Secretary of
Veterans Affairs to "develop a comprehensive policy to improve
outreach and transparency to veterans and members of the Armed
Forces through the provision of information on institutions of
higher learning." To help ensure fair treatment of service
members and to reduce the risk of fraud, this new law includes a
ban on incentive compensation based on success in securing student
enrollments or financial aid. Many institutions will be familiar
with this ban because the U.S. Department of Education imposes the
identical prohibition on educational institutions accepting federal
student aid
