News

Not-for-Profit Advisory Committee members, including NACUBO, recently provided implementation feedback on revenue recognition, conditional contributions, and leases, and discussed current projects. A meeting recap and materials are now available.

In this edition: James Kvaal is confirmed for an ED post, the White House issues an executive order supporting Hispanic students and Hispanic-Serving Institutions, and more.

In this edition: After sustained advocacy from NACUBO, significant higher education priorities make it into draft infrastructure legislation; the White House announces a new HBCU initiative; and more.

The IRS will treat erroneous refunds of COVID-19-related paid sick and family leave and employee retention credits paid to employers as underpayment of taxes, according to new temporary regulations.

All employees of private sector workplaces, including private colleges and universities, with 100 or more workers will be required to be vaccinated against COVID-19 or tested weekly, according to a new temporary rule announced by the Occupational Safety and Health Administration. Federal workers are now required to be vaccinated.

In this edition: Congress ramps up work on an infrastructure package, ED makes a variety of financial aid announcements, and more.

When considering approved borrower defense to repayment claims, the Department of Education will now apply a presumption of full relief as the starting point and will reduce the amount of relief offered, if warranted, by evidence provided by a school, a borrower, or other sources.

Some students who were displaced from campus due to the coronavirus pandemic and their parents have filed lawsuits for tuition refunds. NACUBO joined 18 other associations in an amicus brief countering the assertion that the pivot to online operations caused by COVID-19 was somehow a financial windfall for institutions and are working to detail the tremendous costs institutions have incurred.

NACUBO and NASFAA have submitted a joint comment letter outlining several areas of concern with the Department of Education’s proposed form as well as suggestions for improvement, including reducing compliance burden for institutions where possible.

In this edition: Infrastructure legislation makes progress in Congress, NACUBO joins a request for Form I-9 flexibilities, and more.