Title IV Archives

Recent Audit and Financial Responsibility Changes for Title IV Schools

On October 31, 2023, the Department of Education updated regulations on Financial Responsibility, Administrative Capability, Certification Procedures and Ability to Benefit (ATB). The broad…

Endowments in an Underwater Environment

In today’s ever-changing marketplace, not-for-profit organizations face many difficulties, such as generational turnover, sourcing new major donors, reduction in past donors’ willingness to give,…

What’s the Latest? Changes to the 90/10 Rule

Updated April 28, 2023 A Recap of the Department of Education’s Changes to the 90/10 Rule In the fall of 2022, the Department of…

Gramm-Leach-Bliley Act (GLBA) Cybersecurity Updates in Higher Ed

To help address concerns relating to consumer information, the Gramm-Leach-Bliley Act (GLBA) ensures certain privacy protections and safeguards are in place for financial institutions….

Third-Party Servicer Guidance: Updates for Institutions and Servicers

Title IV Common Findings Corner The Department of Education recently released GEN-23-03, a “Dear Colleague Letter,” to redefine and clarify its position on which…

Updates to Changes in Ownership for Education Institutions

A Summary of the Department of Education’s Updates for Changes in Ownership On July 28, 2022, the Department of Education published its proposed revisions…

Improving your For-profit Institutions’ Cohort Default Rate after Loan Forgiveness

Prior to President Biden’s student loan forgiveness and payment extension announcement, the Department of Education stated it would help eliminate the impact of past…

National Student Loan Data System Website Updates to Know

On July 25, 2022, the National Student Loan Data System (NSLDS) launched a modernized website for professional users with the intention of improving customer…

Common Findings Corner: Top 10 Compliance & Program Review Findings

Quick hits on hot topics for higher education institutions The Department of Education hosted the Federal Student Aid (FSA) Training Conference for Financial Aid…

Updates on the Return to Title IV Calculation

The Department of Education introduced updates to the Return to Title IV (R2T4) calculation requirements that became effective on July 1, 2020. The two…

Common Findings Corner: The National Emergency Extension

Quick hits on hot topics for higher education institutions On February 18, 2022, President Biden extended the national emergency concerning the COVID-19 pandemic in…

What’s the Latest? The Higher Education Emergency Relief Fund (HEERF) III

A Recap of the Department of Education’s Guidance on the HEERF III Programs for Higher Education Institutions In March 2021, the American Rescue Plan…

Addressing the Cohort Default Rate

In August 2021, the forbearance of student loans was extended until January 31, 2022. While this relief is critical to the students impacted by…

The New Lease Standard and the Department of Education’s Composite Score

After many years (and also many delays), the implementation date for FASB ASU 2016-02, ASC 842, Leases, is upon us, specifically, for private companies…

Conducting Remote Audits: Best Practices for Schools

With the advent of the global COVID-19 pandemic and the Department of Education waiving the on-site requirements, auditors had to change the way that…

Updates to the Higher Education Emergency Relief Fund – March 2021

The Department of Education’s Updated Guidance on the Higher Education Emergency Relief Fund (HEERF) Programs for Institutions of Higher Education Now that Higher Education Emergency Relief…

Title IV Common Findings Corner: Quick Hits on Hot Topics

As the pandemic still strongly lingers and most schools have returned to the routine of in-person education, a new administration is settling in, and…

Common Findings Corner: Top 10 Compliance Findings

As much as everyone wants a clean audit each year, chances are that most audits will contain at least one finding. Title IV is…

The Future of Title IV Under the New Administration

With the change in the administration this November, the higher education industry is in line for some likely changes over the next four years….

Overview of Higher Education Emergency Relief Fund II

In December 2020, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) legislation passed, which created the Higher Education Emergency Relief Fund II (HEERF II). While similar to the first round of…