|Advocating for Change in Higher Education Financing|
The newly-released report by the National Association of State Budget Officers, “Improving Postsecondary Education through the Budget Process: Challenges & Opportunities,” advocates for change in how public education in the United States is financed.
Sequestration officially went into effect on March 1. We have updated our website to provide new information and also to report on subsequent changes that have altered the original requirements in the sequestration order.
Insights From College Board on How Families Pay College ExpensesIn 2012-13, grants from all sources and education tax benefits covered 36 percent of the total cost of attendance for full-time undergraduates, according to a new analysis of higher education pricing and financing trends from the College Board. Student loans accounted for 26 percent of total charges, while parents’ and students’ other resources, such as employment earnings and savings, covered the remaining 38 percent of postsecondary expenses.
News and Information on Tax-Exempt BondsThe IRS Office of Tax Exempt Bonds issued its “FY 2013 Work Plan,” as well as a report identifying problems commonly faced by issuers of municipal bonds. The Joint Committee on Taxation issued a report analyzing a series of state and local tax issues, focusing on federal tax-exempt bond provisions.
NASFAA Tests Effectiveness and Clarity of Financial Aid Award Letters, Shopping SheetsThe National Association of Student Financial Aid Administrators recently published a report summarizing the results of focus group testing on the Department of Education’s Shopping Sheet, along with two alternative award letters.
New Business Officers Program
July 12-13, 2013
This two-day program, with an optional session for those new to higher education, provides attendees with the resources, information and guidance needed to be successful in the chief business officer role within higher education.
NACUBO 2013 Annual Meeting
Attend this dynamic event to improve your skills, enhance your knowledge and expand your professional network. This premier event features professional development specific to the business of higher education, extensive networking opportunities, innovative speakers, and vendors committed to higher education. Visit www.nacuboannualmeeting.org for more information, a complete list of educational sessions and to register.
Federal Auditing Information Service (FAIS)
Financial Accounting and Reporting Manual (FARM)