NACUBO: October 9, 2012

October 9, 2012

NCES Releases New Data on Postsecondary Tuition and Fees
Between 2009-10 and 2011-12, the average in-state tuition and fee price at four-year public colleges and universities rose by 9 percent, while private non-profit institutions raised tuition prices by 4.3 percent, according to a new report from the National Center for Education Statistics. The report also describes changes in the total cost of attendance by institutional type.

Public Institutions Rely on Tuition and Fees More Heavily Than Appropriations

2010 marked the first time that net tuition revenue was greater than state and local appropriations at public research and master’s institutions. The Delta Cost Project details this shift in revenue streams.

ED Announces Student Loan Default Rates

The U.S. Department of Education announced that the two-year national cohort default rose for the fifth consecutive year. The Department also for the first time released official three-year default rates.

IRS Clarifies Temporary ITIN Procedures

The IRS implemented two clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers (ITINs), enabling foreign students and scholars visiting the U.S. under the Student Exchange Visitors Program to get ITINs under a streamlined procedure.

ED Updates Military and Emergency Waivers

The Department of Education has issued updated waivers to the regulations governing federal student aid programs in order to assist students who are performing qualifying military service and individuals who are affected by a disaster, war, or other military operation or national emergency. These waivers are effective September 27.

New FAQs from IRS on Reporting Requirements for Payments in Excess of $10,000

Businesses, including colleges and universities, must file a Form 8300 for cash payments in excess of $10,000. The IRS has published a comprehensive set of frequently asked questions on the filing requirement. Additionally, the Financial Crimes Enforcement Network has announced that Forms 8300 may now be filed electronically.

The State of Higher Education – Webcast Series

Beginning October 22, join us for the first in a series of webcasts discussing the state of higher education and where it’s heading. The first session, Education is Becoming “Anytime, Anywhere” – Preparing for the New Normal will discuss what campuses are doing to expand their educational offerings beyond their immediate campuses both geographically and online.

Webinar Series on Federal Research Priorities

The University of Missouri, NACUBO, and the Florida High-Tech Corridor Council present the Fourth Annual Federal Research Update Webinar series. Key federal agencies communicate their annual updates on research priorities and budgets in free 90-minute, on-demand presentations from October 29 to November 2. Registration is required; visit the University of Missouri Research Web page to register and for additional information.