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