|ED Tightens New "Gainful Employment" Rules|
Comments are due May 27 on the Department of Education’s recently issued proposed rules on "gainful employment." The regulations would allow ED to use two debt-to-earnings ratios as well as a new program cohort default rate to determine whether programs prepare students for gainful employment in a recognized occupation.
GASB Studies Irrevocable Charitable Trusts
The Governmental Accounting Standards Board is studying split-interest agreements in the governmental environment. Because the GASB and the Financial Accounting Standards Board offer different guidance, this research is very important for higher education. NACUBO asks public colleges and universities to complete a brief, five-question survey.
ED Negotiations Focus on Cash Management The Department of Education’s first draft of proposed changes to its cash management regulations, offered at the second round of meetings of the Program Integrity and Improvement negotiated rulemaking process, focused largely on credit balance disbursements, as expected. But a few surprises were thrown in: separate bank accounts for Title IV funds and changes to treatment of books and supplies.
Tax Committees Consider Expired Tax ProvisionsNACUBO recently weighed in with legislators on several tax provisions that expired on December 31, 2013. As House and Senate tax-writing committees take the first steps to retroactively extend the tax measures, efforts to seek overhaul reform of the tax code and disagreements over the scope and size of the extenders package are complicating the process.
Negotiators Reach Consensus on Violence Against Women Act RulesThree months after the Violence Against Women Act negotiated rulemaking began, negotiators reached consensus. The draft proposed regulations implement changes to annual security reports and hate crime statistics, mandate awareness programs, and require transparency about sanctions and protective measures.
Campus Connectivity on the Rise Three out of five of higher education institutions (61 percent) now provide robust wireless coverage throughout most of their campuses, according to the 2014 State of ResNet report.
Communicating About Climate ChangeMomentUS recently issued "Communicating on Climate: 13 Steps and Guiding Principles." These informative steps demonstrate how to discuss climate change in a more persuasive, realistic, and unemotional manner. The methodology could also be used effectively in other discussions that deal with opposing positions.
Regional NLRB Rules on Northwestern Football PlayersThe Regional Director of the National Labor Relations Board in Chicago recently ruled that scholarship football athletes at Northwestern University are “employees” and, therefore, can vote to join a players’ union. Northwestern is appealing the decision to the full board.
FASB's Proposed NFP Reporting Changes: What Higher Education Needs to Know
Tuesday, April 8, 2014 1:00 PM ET
Join us tomorrow for a webcast to better understand the substance of the FASB's proposed changes and the Board's motivation and rationale. In addition to private institutions, accountants from public institutions who support affiliated NFP foundations as well as preparers from NFP foundations affiliated with public institutions are encouraged to attend.
New Business Officers Program
July 18-19, 2014
Learn how you can gain the resources, information and guidance you need to be more successful in your new role as a chief business officer at the New Business Officers Program.