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TIPS FOR IMPLEMENTING A COMPREHENSIVE COMPLIANCE PROGRAM

Our clients are colleges and universities just like yours that have chosen to implement compliance programs as a result of our compliance assessment. A typical compliance program helps institutions and their employees conduct operations and activities ethically; with integrity, and in compliance with legal and…

Answering the Toughest Question: How Is Our Campus Really Performing?

When your Board Chair or Trustees ask, “How is our campus doing?” every executive should be able to respond with the same clear, data-driven answer. Too often, however, silos across Finance, Enrollment, Financial Aid, Academic Affairs, and Student Services result in fragmented information, and conflicting…

Be Ready Before the Call: Program Review Risk Assessment for Colleges and Universities

When the U.S. Department of Education notifies your institution of a program review, the clock starts ticking. Schools typically have just two weeks to prepare, and the stakes are high. Findings can lead to financial liabilities, jeopardize Title IV eligibility, and put accreditation standing at…

Audit and Program Review Support That Protects Your Institution

When the U.S. Department of Education initiates an audit or program review, the stakes are high. Findings can jeopardize financial aid eligibility, increase institutional liability, and place accreditation at risk. For colleges and universities with limited staff capacity, the process can quickly overwhelm financial aid…

How to find the best candidates for your college or university.

Discover leaders answering the call of extraordinary possibilities, advancing the frontiers of knowledge and building academic distinction. Leadership requirements continue to evolve, but the need for high-performing college and university leaders remains constant. Identifying and attracting the best and brightest talent in the higher education space requires a…

Choosing the Right Search Firm Makes All The Difference

Retaining an executive search firm is critical to hiring the best talent on the market. But all recruiters aren’t equal. Do you know the difference? “Staffing Agencies” are great for temps but generally lack candidates with specialization. These are great sources for blue collar and…

Trusted Experts In Higher Education Search and Placement

Let’s face it. One of the major advantages Higher Ed Executives brings to executive search and placement is that we are connected to the higher education sector like no others. That’s because we’ve worked for colleges and universities as leaders for years ourselves and many of…

FINANCIAL RESPONSIBILITY AND EZ-AUDIT REPORTING REQUIREMENTS

Back in September new financial responsibility reporting requirements were released as part of the borrower defense to repayment regulations package. The changes are intended to remedy past inconsistent ratio interpretive issues and pronouncements by FASB. ED recently released a Q&A to provide clarity on the…

ANNUAL STUDENT LOAN ACKNOWLEDGEMENT

The Annual Student Loan Acknowledgement is now live on StudentAid.gov. Borrowers will not be required to complete the Annual Student Loan Acknowledgement process until they begin receiving loans for the 2021–22 Award Year. In the meantime, FSA has provided operational guidance for schools, so they…

FY 2017 COHORT DEFAULT RATE DEADLINE MODIFICATION

As a result of the ongoing national emergency, Federal Student Aid announced that the deadline for institutions to submit an appeal to their FY 2017 Draft Cohort Default Rates has been extended until June 30, 2020, pending publication of notice in the Federal Register.

UPDATE ON FEDERAL WORK STUDY COMMUNITY SERVICE WAIVERS RELATED TO COVID-19

Schools participating in the Federal Work Study Program are required to spend at least 7% of their federal FWs share to pay wages for students working in community service positions each award year. In meeting this requirement, at least one or more of the school’s…

REVISED MASTER PROMISSORY NOTES FOR DIRECT LOANS

The Office of Management and Budget approved revised versions of the Master Promissory Notes for Direct Subsidized, Unsubsidized and Direct PLUS loans. The new MPN’s available in paper format expire on July 31, 2022.  The Plain Language Disclosures have also been updated. Federal Student Aid…

NEXT GEN FSA ADDS NEW FEATURES TO AID WEBSITE

COVID-19 hasn’t slowed progress on FSA’s Next Gen FSA initiative. Last month they introduced additional features on StudentAid.gov to promote financial literacy and additional self-service tools for students and borrowers. Among the features are the Annual Student Loan Acknowledgment, a new Feedback Center where users…

NEW INTEREST RATES

Interest rates are going down for new Federal Direct Student Loans beginning on July 1, 2020. Interest rates for Direct Loans are based on a formula whereby the rates are indexed to the 10-Year Treasury Note plus an “add-on” percentage. This year’s auction of the…

ED OCR OFFERS GUIDANCE ON ADA AND TITLE IX COMPLIANCE IN DISTANCE ED

ED’s Office of Civil Rights just released a Technical Assistance FAQ to help institutions meet their obligations related to the Americans with Disabilities Act and Title IX while offering distance learning related to COVID-19.

REPORTING HEERF EMERGENCY GRANTS MADE TO STUDENTS

ED just released guidance for institutions to report how they are using CARES Act Emergency Grants distributed to students under the HEERF. Schools must submit an initial report to ED within 30 days of the institution’s Certification and Agreement and 45 days thereafter. Instructions on…

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Whether you need leadership support, staff training, or expert regulatory guidance, we help colleges and universities strengthen compliance, improve operations, and achieve their goals.

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