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Business and Policy Areas
Business and Policy Areas

Student Financial Services

Department of Education Cash Management Rules

On October 30, the Department of Education published the final version of its Program Integrity and Improvement regulations, which include revisions to the agency's cash management rules.

NACUBO recently provided an explanation the cash management rules that apply to all institutions receiving Title IV funds. Additionally, NACUBO has prepared a summary of the requirements for schools with Tier One arrangements (school uses a third-party servicer to process credit balance refunds; the servicer also offers a financial account) and Tier Two arrangements (school has an agreement with a bank/financial institution where accounts are offered and directly marketed to students).

Podcast Available: The latest episode of NACUBO In Brief explores the history of the cash management changes.

NACUBO also hosted a webcast on November 18 explaining the new regulations.


Business Officer Magazine Articles

NACUBO Comment Letters

Student Financial Services Topics

U.S. Department of Education Resources



Anne Gross
Vice President, Regulatory Affairs