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Business and Policy Areas
Business and Policy Areas
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Comments on Proposed Changes to IPEDS Finance Survey Due Today

April 18, 2016

The Department of Education is collecting comments on its proposed additions to the Integrated Postsecondary Education Data System (IPEDS) Finance Survey until midnight on April 18, 2016.

The requirements of the proposal, summarized by NACUBO, attempt to better compare sources of student financial aid across all institutions—particularly given the different accounting and recognition criteria for Pell Grants between the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).

The draft requirements are explained in Tables 9 and 10 in the summary of proposed changes under "Supporting Statement Part A." A full exhibit of how the expense information will be collected is available on pages 4 and 11  for GASB and FASB reporting, respectively, of "IPEDS 2016 F Finance."

The proposed changes are, in part, the result of a Technical Review Panel convened by ED last year,  which focused on increasing the accuracy and utility of financial information collected through the annual IPEDS Finance Survey.

The new guidelines would take effect in the 2016-17 IPEDS Finance Survey data collection period. Institutions should consider providing feedback to NACUBO for inclusion in the industry comment letter, or responding directly to ED.

Contact

Sue Menditto
Director, Accounting Policy
202.861.2542
E-mail

Ken Redd
Director, Research and Policy Analysis
202.861.2527
E-mail