Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 13.00 - Financial Assessment and Risk Monitoring of Institutions of Higher Education
Section 13.01 - Scope and Purpose

610 CMR 13.00 governs the Board of Higher Education's annual assessment of independent institutions of higher education to review and monitor the financial stability and viability of said institutions, as authorized pursuant to M.G.L. c. 69, § 31B. 610 CMR 13.00 also directs the Board of Higher Education's implementation of certain additional elements of M.G.L. c. 69, § 31B, including the requirement that members of the governing board of private institutions of higher education receive training and the requirement that private institutions of higher education post their annual audited financial statements on their websites. 610 CMR 13.00 does not affect the existing jurisdictional exceptions from the requirements set forth in 610 CMR 2.00: Degreegranting Regulations for Independent Institutions of Higher Education for certain in-state, independent institutions chartered prior to 1943 that are authorized by the legislature or state constitution to offer degree programs and confer postsecondary degrees in the Commonwealth. 610 CMR 13.00 does not apply to out-of-state institutions with the power to grant degrees to Massachusetts students by virtue of participation in the State Authorization Reciprocity Agreement (SARA).