HEA Reauthorization Bill Heading to House Floor in New Year
January 04, 2018
Less than two weeks after its chair unveiled a draft, the House Education and the Workforce Committee approved a bill to reauthorize the Higher Education Act on a party-line vote. Chair Virginia Foxx (R-NC) has pledged to bring the PROSPER Act to the House floor in January.
Read Full Article
August 14, 2023
ED Shares FAFSA Simplification Guidance for 2024-25 Award Year
The Department of Education plans to make “significant and extensive changes” to the FAFSA form and process, following other important changes over the past few years.Read More
June 23, 2023
NACUBO Raises Concerns With Proposed Rules on Financial Responsibility, Transcript Holds, and More
In a letter to the Department of Education, we highlighted proposals that go beyond generally accepted accounting principles, concerns regarding new reporting mandates, and more.Read More
May 22, 2023
NACUBO Student Financial Services Policies and Procedures Report Released
The new report, supported by TouchNet, provides insight on SFS operations during FY22 at 341 colleges and universities, including services offered, tuition and fee structures, and collections and write-off policies. It also includes new information on using HEERF allocations to forgive debt associated with registration and transcript holds.Read More
Student Financial Services
Student financial services (SFS) describes how colleges and universities provide students and families with finance-related services, such as applying for financial aid and paying a tuition bill, along with the associated business processes necessary to pay for college. SFS professionals manage the policies and procedures related to a student's account, which tracks tuition and other charges, payments, and application of financial aid.
NACUBO Student Financial Services Benchmarking Report
The annual Student Financial Services (SFS) Benchmarking Report examines trends in student financial services operations, staffing, and SFS operating budgets at NACUBO member colleges and universities.
Student Financial Services Benchmarking Report Infographics
The new Student Financial Services Benchmarking Report Infographics illustrate the rise in the use of electronic student payment methods and refunds, and trends in SFS staff expenditures.