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Higher Education

Navigating the Department of Education’s New Financial Responsibility Standards and Transcript Withholding Policies

The Department of Education's updated financial responsibility standards, effective July 1, 2024, demand enhanced scrutiny, composite score adjustments, and event reporting. Institutions must adapt to rigorous financial monitoring to maintain federal aid eligibility.

2024-01-29T15:11:30-05:00January 29th, 2024|Higher Education|

GLBA Student Financial Aid Safeguards 2022/2023 Update

The Gramm-Leach-Bliley Act (GLBA) has been around for years, but only had a real impact on colleges and universities for the last 3 to 4 years. Like any cybersecurity program, data security laws have a need to evolve and adapt to changing threats.

2023-06-15T14:55:22-04:00October 19th, 2022|Cybersecurity, Higher Education|

Additional HEERF Available to Support Students’ Basic Needs

On January 20, 2022, the U.S. Department of Education (the Department) announced $198 million in American Rescue Plan funds that will primarily support community colleges and other institutions to meet the basic needs of students – especially those exacerbated by the COVID-19 pandemic. The Supplemental Support under American Rescue Plan (SSARP) program will require institutions to submit applications to receive funding.

Changes in Lease Accounting Are Just Around the Corner

In an article published in the Summer 2016 edition of our newsletter titled “Be Aware of Changes in Lease Accounting,” we introduced readers to upcoming changes in lease accounting under Generally Accepted Accounting Principles (GAAP). The effective date for the new lease accounting standard – known as FASB Accounting Standards Codification (ASC) 842, Leases – is rapidly approaching.

Sustainability and Transparency are Leading Business Forward

While current examples of Environmental, Social, and Governance (ESG) programs are on the larger scale, even small and medium businesses can make impactful sustainability goals aligned and reported on through ESG metrics. A focus on sustainability and transparency with these metrics are a growing trend.

New Guidance from the Department of Education for HEERF III

On May 11, 2021, the Department of Education released more information regarding HEERF III, including allocation tables with apportionment for student and institutional funds and frequently asked questions. This article summarizes the new guidance, and provides you with resources for more information.

2022-02-16T16:52:45-05:00May 11th, 2021|Higher Education|

More IT compliance requirements headed your way (NIST 800-171 CUI Security)

The world of cybersecurity is constantly changing. As soon as you feel content with your controls and processes, a new threat arises or new requirements are published. This article summarizes the FSA's recent letter concerning Controlled Unclassified Information (CUI) and the related cybersecurity requirement.

2022-02-16T16:52:50-05:00March 18th, 2021|Cybersecurity, Higher Education, Technology|
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