At our recent Higher Education: Issues and Trends training day in February, we covered the newly revised cash management rules which were published by the Department of Education in the fall of 2015. Many of the provisions apply to all institutions, while several only apply to institutions that offer bank accounts to students through financial institutions or that use third-party servicers.
The National Association of College and University Business Officers (NACUBO) recently published a checklist to assist with implementing these new rules. We thought that you might find it beneficial, as several of the provisions are effective in July 2016.
Contact Crissy Fiscus at firstname.lastname@example.org if you have questions regarding the checklist or revised cash management rules.