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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…

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When your Board Chair asks, “How is our campus doing?”, how will you respond?

No one ever wants to admit that their college is in decline. When Trustees ask that questions, it’s imperative for college leadership to answer that question accurately. But when trustees ask different executives, they often get different answers, depending on who they ask. That’s because…

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How to handle a U. S. Department of Education Program Review Risk Assessment

It begins with a phone call from the U.S. Department of Education. You heard that FSA was increasing the number of program reviews it conducts, and although you hoped that your school would be at the bottom of their list, it was simply inevitable that…

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Responding to an Audit and Program Review

Responding to an audit or program review can be overwhelming, particularly for schools with limited financial aid office personnel. Whether your school is required to implement corrective actions, perform file reconstruction and aid recalculation, or simply prepare a response or appeal, having a partner you can rely on will…

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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…

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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…

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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…

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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…

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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…

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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.

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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…

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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…

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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…

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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…

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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.

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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 help hiring your next president, or dean, training financial aid and business officers, or need expert regulatory guidance on matters related to financial aid, accreditation, and compliance, Higher Ed Executives provides a comprehensive portfolio of essential services to help post-secondary institutions of all types achieve their mission and goals.

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