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Business and Policy Areas
Business and Policy Areas

Student Financial Services

Department of Education Proposed Cash Management Rules

On May 18, the Department of Education published a notice of proposed rulemaking for its long-awaited cash management regulation. The proposed rules would set requirements for institutions entering into agreements with banks and third parties issuing Title IV credit balance refunds. In addition to a summary of the proposed rule (5/18/15), NACUBO has developed a flowchart (6/10/15) to help members determine what types of arrangements they have with third parties and banks. NACUBO also hosted a free webcast (6/11/15) and identified concerns with key parts of the proposed rule (6/15/15). NACUBO submitted comments to the Department on July 2, 2015.


Business Officer Magazine Articles

NACUBO Comment Letters

Student Financial Services Topics

U.S. Department of Education Resources



Anne Gross
Vice President, Regulatory Affairs