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Public Institutions: Accounting for and Reporting Financial Aid as a Discount

This Advisory Report supersedes AR 2000-05 (issued in 2000). AR 2023-01 provides estimation and measurement methodologies that more accurately reflect how financial aid is provided to students at public colleges and universities.

NACUBO recommends that institutions implement the guidance in AR 2023-01 no later than fiscal year 2025, but sooner if practicable. NACUBO further recommends that the institution's management's discussion and analysis explain changes in affected SRECNP line items and point out that the revised estimate has no impact on the change in net position for prior years.

Download Advisory Report 2023-01


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