August 8, 2016
NACUBO Expresses Concerns with ED Proposal to Expand Federal Financial Responsibility RulesNACUBO Expresses Concerns with ED Proposal to Expand Federal Financial Responsibility Rules
"The federal government's rulemaking effort on borrower defense to repayment is vitally important, but we have grave concerns about the Department of Education's expansion of institutional financial responsibility indicators within the proposed rule," NACUBO President and CEO John Walda said in an August 2 statement.

IRS Proposes Modifications to 1098-T Reporting

Draft rules reflect several changes related to 1098-T reporting enacted last year, including the elimination of the option for colleges and universities to report amounts billed to students for qualified tuition and related expenses. Additional proposals go beyond the statutory changes.

ED Policy to Require Annual Student Aid Compliance Audits Beginning FY17

The Department of Education also has requested that institutions contact their respective School Participation Division if they have had an auditor prepare a Single Audit under the 2013 OMB Single Audit Act regulatory provisions with a determination that the Title IV programs were low risk.

16 Campuses Recognized as Top Partners in Green Power

A growing number of higher education institutions are adopting green power. See the campuses recently recognized by the Environmental Protection Agency.

New CUBA Chapter: Endowment Management

In the complimentary online chapter, "Endowment Management," of College and University Business Administration, you will learn about the unique characteristics that distinguish endowments from other pools of investments. You also will gain a better understanding of the internal structures needed at your institution, including accounting and recordkeeping, creating communications plans, managing the day-to-day operations of the endowment's investment activity, and building a successful partnership between your governing board and investment office. Download your copy today.

2016 Big Opportunities for Small Institutions

September 20-21, 2016
Philadelphia, PA

Tackle the issues important to the vitality of small institutions at this new NACUBO workshop. Designed for business officers at tuition-dependent colleges and universities, the event will explore how to effectively engage governing boards and institutional leaders in changes needed to ensure a successful future.

2016 Tax Forum

September 25-27, 2016
Baltimore, MD

Intermediate to advanced-level campus tax professionals: Join us for both an annual update and future outlook at this year's Tax Forum. The full schedule of sessions is available online and will include topics such as tax-exempt bonds, tax risks in athletics departments, and federal activities. Early bird registration ends August 26.

Publishing Break

Current is taking a publishing break after today's edition. The next Current will arrive in your inbox Wednesday, September 7, following the Labor Day holiday. Please check the NACUBO website for any updates in the meantime.


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