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Education Department General Administrative Regulations
Plain English Summary
The Secretary of Education is planning to change some rules that govern how federal education funds are managed. These updates aim to make the rules clearer and more consistent with other education regulations. The changes will also incorporate new guidelines from the Office of Management and Budget. These updated regulations are expected to be finalized by the end of 2026. Insurance agents should stay informed about these changes as they may impact funding and compliance requirements for educational institutions.
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The Secretary of Education proposes to amend the Education Department General Administrative Regulations (EDGAR) and other provisions in 2 CFR parts 3474 and 3485 to update the regulations and better align them with other U.S. Department of Education (Department) regulations and procedures, and to include technical updates from the Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards published in the Federal Register on April 22, 2024. The Department intends to finalize these regulations in late 2026.