EQUIP, or Educational Quality Through Innovative Partnerships, is a new program from the U.S. Department of Education. The department will provide access to Title IV funds to chosen partners (both traditional and non-traditional), while waiving the rules about the use of content from other entities.
The goal of this experimental program is to allow traditional schools to lower educational costs and increase access by partnering with nontraditional providers, such as MOOCs or code academies or boot camps, by creating hybrid programs that are eligible for enrolled students to access financial aid.
Introductory PowerPoint slides created by the Department of Education are embedded below:
Want to know more? Here are some starting points: