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.