|VA Principles of Excellence Request Raises Concerns|
The Department of Veterans Affairs is asking institutions to commit to comply with the “Principles of Excellence” outlined in a recent Executive Order. NACUBO recommends that members hold off on agreeing until further guidance is provided on several provisions. The VA has scheduled webinars for June 7 and 8.
Senator Durbin Announces Plan to Examine Campus Debit CardsIn response to a report published by the U.S. Public Interest Research Group, Senator Durbin announced on May 30 his interest in examining bank-affiliated campus cards.
New Report Shows Recent Trends in Postsecondary Revenues and ExpensesA new report from the National Center for Education Statistics (NCES) shows that both public and private non-profit colleges and universities are increasingly relying on tuition and fees revenue to support their operations. Total revenue per full-time equivalent declined at public and independent institutions while expenditures for institutionally funded financial aid to students rose sharply.
2012 Student Financial Services Benchmarking Survey: Please RespondContact our research staff if your institution hasn’t received an email invitation to participate.
Upcoming Workshop on Bond ComplianceNACUBO has collaborated with the Treasury Institute for Higher Education in designing The Tax-Exempt Bond Compliance Workshop, to be held September 10-11, in Indianapolis. The program will offer university treasury and tax compliance staff the opportunity to share best practices and develop successful strategies for tax-exempt bond compliance.
ED Issues Correction on Submission of Servicer ContractsThe Department of Education has corrected its recent Dear Colleague letter on third-party servicers. Institutions are only required to submit copies of contracts to ED if they are asked to do so.
Federal Auditing Information Service (FAIS)
Financial Accounting and Reporting Manual (FARM)