News

Total funding for state higher education institutions reached $120.7 billion in FY22, a 4.9% inflation-adjusted increase over FY21, according to the State Higher Education Executive Officers (SHEEO). Meanwhile, public institution enrollment dropped for the 11th consecutive year.

As Washington lawmakers continue to seek agreement on raising the nation’s debt ceiling, college and university business officers should review treasury policies and practices.

The Department of Education has proposed strict new rules on gainful employment and financial responsibility, and more.

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.

The Department of Education encourages institutions to leverage Federal Work-Study programs for tutoring and mentorship, NACUBO supports the Tax-Free Pell Grant Act, and more.

The Department of Education will make a no-cost extension form available to grantees needing up to an additional 12 months to spend remaining HEERF balances.

FSA announces contracts to companies to streamline loan servicing, the higher education community comments on proposed changes to IPEDS, and more.

The Department of Education has announced that it will again postpone the roll out of its guidance on third-party servicers in order to review comments received from the public. ED shared some examples of functions that would not qualify as a TPS and indicated that subsequent guidance will not be effective until at least six months after it is published.

FASB recently issued a proposed Accounting Standards Update addressing the accounting for and disclosure of crypto assets.

The Department of Education has released a long-awaited proposed rule on gender identity and athletics. The rule would prohibit schools from categorically banning transgender students from participating in athletics but would allow schools to develop specific policies.