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Financial Responsibility Standards: AR 19-04

Updated 2/26/20

NACUBO’s guidance explains new financial responsibility requirements for private nonprofit institutions and discretionary and non-discretionary triggering events, which affect both public and nonprofit institutions. The new rules require that all institutions that receive Title IV aid notify ED when certain triggering events occur.

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Excel spreadsheets illustrating composite calculations are available. A NACUBO member username and password is required to access these tools.

Contact

Sue Menditto

Senior Director, Accounting Policy

202.861.2542

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