News

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes several tax measures aimed at providing relief to employers and their workers.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides budgetary relief to higher education institutions through numerous provisions.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides student aid support through numerous provisions.

NACUBO has asked the Department of the Treasury, IRS, and congressional lawmakers for tax changes related to the coronavirus, including extending tax deadlines for higher education institutions and tax relief for visiting students and scholars temporarily unable to return to their home countries.

In this edition: NACUBO and other higher education associations advocate for coronavirus stimulus provisions, borrower defense rules come under new uncertainty, and more.

The Department of Education has added an FAQ on how to comply with Title IV policies when students are impacted by the coronavirus, including implications for room and board refunds.

A GASB exposure draft indicates that defined contribution benefit plans would not be included in fiduciary fund statements because the costs would not be worth the benefits. Comments are due April 10.

Federal lawmakers and regulators are working to provide guidance and relief as the spread of COVID-19 continues to impact campuses around the country.

In this edition: The FSA issues coronavirus guidance, ED releases new audit procedures, and more.

A recently proposed Concepts Statement would establish guidance for disclosure requirements in notes to the financial statements. Comments are due April 17.