OMB Proposes Sweeping Grants Management ReformEight grant management and audit circulars, including the three focused on higher education institutions (A-21, A-110, and A-133), would be consolidated under a proposal from the Office of Management and Budget. Comments are due May 2.
CFPB Seeks Information on Financial Products Marketed to StudentsThe Consumer Financial Protection Bureau has posed more than 25 questions about financial services, such as bank accounts and debit cards, offered to students through colleges and universities. Comments are due March 18.
Rules Proposed on Contraception Coverage for Religious OrganizationsThe Obama administration proposed rules under the Affordable Care Act seeking a compromise on coverage of contraceptives in non-grandfathered group and student health plans offered by certain religious organizations, including colleges and universities.
IRS Delayed in Processing Education Tax BenefitsInternal Revenue Service will begin processing tax returns claiming education credits by the middle of February, according to a January 28 announcement. IRS urges students and families including Form 8863 – the form used to claim the American Opportunity Tax Credit and the Lifetime Learning Credit – with their 2012 federal tax return to wait until mid-month to file their return.
New Blue Book Published by EDThe Department of Education has, for the first time in eight years, updated The Blue Book, its manual covering business office functions related to administration of federal student aid programs.
New Issue of HR Horizons ReleasedIn this issue of HR Horizons, leaders at Long Island University share insights about pay-or-play rules, business planning and preparation, and strategic considerations for colleges and universities. Also included: tips for conducting business overseas; survey highlights regarding employee attitudes about health-care benefits; and resources to encourage employees to save for retirement.