In accordance with federal regulation 34 CFR 602.24(c), if an institution enters into a teach-out agreement with another institution, it must submit the agreement to the President of the Northwest Commission on Colleges and Universities for approval prior to its implementation. For the purpose of this regulation, a teach-out agreement is defined as a written agreement between institutions that provides for the equitable treatment of students if one of those institutions stops offering an educational program before all students enrolled in that program have completed the program. For approval by the Commission, the agreement must be consistent with applicable accreditation standards and Commission policies, and provide for the equitable treatment of students by ensuring that:

1.	The teach-out institution has the necessary experience, resources, and support services to provide an educational program that is of acceptable quality and reasonably similar in  content, structure, and scheduling to that provided by the closed institution; and
2.	The teach-out institution demonstrates that it can provide students access to the program and services without requiring them to move or travel substantial distances.