From the June 5th Illinois Board of Higher Education Minutes (available at https://ibhe.org/board/2018/june/VI3.pdf), IBHE seemingly granted DVU "operating authority" under its new owners:
"Under the proposed transaction, the closing of which is conditioned upon receipt of various
regulatory agency reviews, including the approval of operating and degree granting authority by
the Illinois Board of Higher Education, the Higher Learning Commission’s approval to maintain
accreditation and pre-acquisition review by the U.S. Department of Education, Cogswell
Education, LLC (“Cogswell Education”) will acquire DeVry University, Inc. Cogswell Education
is a limited liability company with its sole member being Cogswell Capital, LLC. The new
ownership corporation intends that operations will continue at the previously-approved locations.
Upon approval of the operating authority by the Board, all previously approved programs will be
presented to the Board for consideration."
And from Appendix D:
"The staff concludes that DeVry University meets the criteria in Sections 1030.30 and
1030.60 of the rules to implement The Private College Act (110 ILCS 1005) and The Academic
Degree Act (110 ILCS 1010) and the Illinois Board of Higher Education policies pertaining to
assessment and accreditation for licensure."
So anyone know what other clearances DVU needs to become a Swell Cog instead of an Sad Tale?