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.
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May 07, 2021
NACUBO Updates Student Agreement Language to Address Assessment of Collection Fees
NACUBO’s updated advisory, Best Practices for Student Financial Responsibility Agreements, includes model language for the agreements and addresses court decisions affecting the ability of an institution to recover costs associated with collections, among other topics of interest to business officers.Read More →
April 02, 2021
IRS Revises 1098-T Guidance on Emergency Grants to Students
Following advocacy from NACUBO, the IRS has clarified that colleges and universities will not need to separately track or note emergency grants to students for purposes of 2021 Form 1098-T reporting, nor should they issue Forms 1099-MISC.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.