🎓VA Proposes Changes to Overpayment Recovery Regulations for Education
Waiver or Recovery of Overpayments
Summary
The Department of Veterans Affairs (VA) proposes to amend the Veteran Readiness and Employment and Education regulations to implement section 1019 of the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 (Isakson Roe Act), which was effective January 5, 2021. These proposed amendments would update regulations governing the waiver or recovery of overpayments to address the assignment of financial responsibility for benefits paid directly to an educational institution on behalf of the student.
Agencies
- Veterans Affairs Department
Business Impact
$$$ - High
The regulation impacts educational institutions' financial responsibilities regarding overpayments for veteran benefits. Schools may be liable for benefits received without needing proof of willful or negligent conduct, increasing financial risk.