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Business and Policy Areas
Business and Policy Areas
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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.

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Business Officer Magazine Articles

NACUBO Comment Letters

Student Financial Services Topics

U.S. Department of Education Resources

 

Contact

Anne Gross
Vice President, Regulatory Affairs
202.861.2544
E-mail