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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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FEDERAL PERKINS LOAN REVOLVING FUND DISTRIBUTION OF ASSETS TIMELINE FOR 2020–21 AND REIMBURSEMENT FOR PERKINS LOAN SERVICE CANCELLATIONS

FEDERAL PERKINS LOAN REVOLVING FUND DISTRIBUTION OF ASSETS AND TIMELINES FOR 2018–19 If your school participated in the Federal Perkins Loan Program and continues to service their loans either in house or through a third-party servicer, keep an eye open in December for a notification…

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2021-2022 COLLEGE FINANCING PLANS – THERE ARE NOW TWO

You read that right. Last year NACUBO and the Department teamed up to separate the College Financing Plan (CFP) into two forms: one for undergraduate schools and another for graduate and professional schools. That’s a HUGE improvement. Additionally, the format of the College Financing Plan…

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RECENT COD SYSTEM CHANGES FOR CARES ACT

Last month the Common Origination and Disbursement (COD) System was updated to support reporting requirements for withdrawn students who qualify for a Title IV waiver under the Cares Act. COD now allows schools to select the Coronavirus Indicator on eligible disbursements for any program with…

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GET YOUR 2021-2022 IRS TAX RETURN AND TRANSCRIPT MATRIX FOR FAFSA VERIFICATION

Be sure to grab a copy of the 2021-2022 IRS Tax Return and Transcript Matrix. Although the U.S. Department of Education announced earlier this year that institutions may accept a signed copy of an individual’s tax return for verification the 2021-2022 award year, some students…

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BEST PRACTICES FOR USING THE CORONAVIRUS INDICATOR

It seems the Coronavirus Indicator might have a bit of a “hair-trigger” because FSA recently put out a document of best practices for using the checkbox which opened with a word of caution. It read, “ Because a number of events (e.g., loan discharges, usage…

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2020 1098-T TUITION STATEMENT FILING DEADLINES

ICYMI – The IRS announced that higher education institutions won’t have to report emergency financial aid grants awarded to students under the CARES Act on the 2020 1098-T. The deadline for colleges to provide students with 1098-T Forms is January 31, 2021. University Business Officers

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HEA SECTION 117 – REPORTING

As a condition of an institution’s Program Participation Agreement (PPA), colleges, universities and postsecondary schools are legally obligated comply with the statutory requirement to report on ownership/control by and gifts/contracts with foreign sources is found in HEA Sec. 117 [20 U.S.C. 1011(f)]. Section 117 requires…

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2021-2022 FEDERAL PELL GRANT CHARTS RELEASED

The 2021-2022 Federal Pell Grant Payment and Disbursement Schedules are here. This year the Federal Pell Grant has increased to $6495.00 for students with a zero EFC, up $150.00 from 2020-2021. The minimum Pell Grant award also increased to $650.00 for students with an expected…

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PROFESSIONAL JUDGMENT APPEALS ARE COOL AGAIN

Remember when Betsy DeVos said DCL GEN0904 and DCL GEN 0905 weren’t cool anymore? Well, That’s just not the case. While the guidance in these two DCL’s may in fact have been rescinded, GEN 21-02 wants you to know that you should never let anyone…

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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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