March 10, 2014
Tax Overhaul Would Impact Students, Employees, and Campus FinancesTax Overhaul Would Impact Students, Employees, and Campus Finances
On February 26, House Ways and Means Committee Chairman Dave Camp (R-MI) released an ambitious draft plan for comprehensive tax reform. The wide-ranging scope of proposed changes to higher education would impact students and their families, the higher education workforce, and the fundamental business operations of colleges and universities.

GAO Reports on College Credit Card Affinity Agreements

A mandate in the Credit Card Accountability Responsibility and Disclosure Act of 2009 required GAO to examine campus credit card marketing affinity agreements and their effect on student debt. GAO released its final report on February 25. GAO found that student-focused marketing on campus has declined, there are fewer college agreements, and affinity payments have declined. GAO also reports, “The effect of affinity cards on student credit card debt may be limited because fewer students appear to hold these cards, which generally have not been marketed to students since at least 2009.”

Audit Report Calls for Changes to Title IV Aid Disbursement

On February 21, the U.S. Department of Education (ED) Office of Inspector General made public its audit findings, "Title IV of the Higher Education Act Programs: Additional Safeguards Are Needed to Help Mitigate the Risks That Are Unique to the Distance Education Environment." The report calls for significant changes in student verification, disbursement of Title IV funds, and determining cost of attendance. 

NACUBO Comments on IRS Campaign Activity Rules

NACUBO joined the American Council on Education and 55 other higher education organizations to respond to IRS-proposed restrictions on campaign-related activities for 501(c)4 organizations. In the proposal, IRS questioned whether the rules should extend to 501(c)3 organizations. In their response letter, the education groups asserted that if the IRS were to expand the new standards to colleges and universities, it would “fundamentally damage the role that colleges and universities have played for hundreds of years in encouraging civic learning and democratic engagement.”


Virtual Workshops and Conferences

Join Us – Virtually Everywhere

With NACUBO's Virtual Workshops and Conferences you and your team are able to access video recorded sessions and materials from live programs in your home or office. Register today at the full price for each program and everyone else on your campus can register for free! 


 

Learn

Upcoming Events

Upcoming Webcasts

Subscription Services

Federal Auditing Information Service (FAIS)

Financial Accounting and Reporting Manual (FARM)

Read

Business Officer

November 2014

Read More:

Negotiating the Rapids

Connect

Web Resources

International Resource CenterInternational Resource Center
Your Resource for International Activities

HR Horizons HR Horizons
Strategic Human Resource Issues in Higher Education

Campus ERC LogoCampus ERC
The Environmental Resource Center for Education

1110 Vermont Ave NW, Suite 800, Washington, DC 20005
Phone 202.861.2500 • Toll Free 1.800.462.4916 • Fax 202.861.2583

Copyright © National Association of College and University Business Officers. All rights reserved.