ED Extends Deadline and Adds Hearing on Controversial Topics
A fourth hearing will be held on whether several controversial topics, including state authorization, gainful employment, and cash management, should be added to an upcoming Department of Education negotiated rulemaking effort. The new hearing will be on June 4 at Spelman College in Atlanta. ED will extend the deadline for written comments to June 4 as well.
FASB Releases New Exposure Draft on Lease AccountingAfter 18 months of deliberations over previous proposals to revise lease accounting, the Financial Accounting Standards Board and International Accounting Standards Board have released revised exposure drafts. Comments are due by September 13.
120 Colleges and Universities Compete in Campus Conservation Nationals 2013
Lucid, The Center for Green Schools, the National Wildlife Federation, and the Alliance to Save Energy have announced the results of the 2013 Campus Conservation Nationals competition. At 120 U.S. and Canadian institutions, more than 300,000 students collectively saved nearly 1.7 million gallons of water and 2,114,844 kilowatt-hours of electricity.
GASB Issues Statement on Nonexchange Financial GuaranteesThe Governmental Accounting Standards Board has released Statement 70, “Accounting and Financial Reporting for Nonexchange Financial Guarantees.” The new standard provides guidance for governments that extend or receive nonexchange financial guarantees related to debt obligations.
IRS to Continue Examining Unrelated Business IncomeAt a recent House Ways and Means Oversight Subcommittee hearing on the Internal Revenue Service's College and University Compliance Project, the IRS announced plans to look broadly at unrelated business income at tax-exempt organizations.
African American and Latino PhDs in Science and Engineering More Likely to Have High Student Loan DebtIn 2010, nearly one quarter of African Americans and 14 percent of Latinos who received doctoral degrees in science, engineering, and other technical fields left their graduate schools owing more than $30,000 in student loan debt, according to a new report from the American Institutes for Research.
Higher Education Enrollment Drops Across All Sectors on AverageThe National Student Clearinghouse has released a sobering report on higher education enrollment trends over the last three years. Fall 2012 enrollment was down 1.8 percent from the year before and Spring 2013 enrollment fell 2.3 percent from the prior year for all sectors of higher education.