New Foreign Gift Reporting Proposal Draws Concerns
The Department of Education recently proposed a significant expansion of foreign gift reporting requirements under Section 117. NACUBO and other higher education associations responded with serious concerns about the proposal.
At ED’s Annual Conference, DeVos Proposes Spinning Off Federal Student Aid Office
At the gathering of over 5,000 financial aid professionals, Secretary of Education Betsy DeVos proposed making the Office of Federal Student Aid a separate agency run by an apolitical board of directors. Other conference sessions of interest to the business office are available online.
ED Issues Temporary Foreign Gift Reporting Guidance
As the reporting deadline nears, ED has provided what may be a short-term reprieve on new foreign gift reporting rules.