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Your Roadmap Through Competing Federal Aid Proposals

Your Roadmap Through Competing Federal Aid Proposals

By Kimberly Cravotta, FAAC® June 11, 2025

As financial aid leaders track the federal financial aid changes moving through Congress, the emergence of different House and Senate proposals might seem to complicate planning. But there’s a strategic silver lining: by focusing on the common ground between both versions, you can prepare efficiently for the changes most likely...

Legislative Watch: What’s Next for the Reconciliation Bill

Legislative Watch: What’s Next for the Reconciliation Bill

By Kimberly Cravotta, FAAC® May 23, 2025

Following the House of Representatives’ passage of the wide-ranging reconciliation bill—dubbed the “One Big Beautiful Bill”—on May 22, 2025, attention now turns to the Senate. The legislation includes proposed changes to federal tax structures, healthcare, and higher education policy and was advanced through the budget reconciliation process, allowing it to...

Student Loan Crisis Deepens: 4 Million Borrowers Now Delinquent

Student Loan Crisis Deepens: 4 Million Borrowers Now Delinquent

By McClintock & Associates March 20, 2025

In a troubling development for America’s 43 million student loan borrowers, delinquency rates have doubled since the pandemic payment pause ended, leaving millions at risk for severe financial consequences. Here’s what you need to know about this growing crisis. The Shocking Numbers Behind the Student Loan Delinquency Surge According to a recent...

Breaking Down ED’s GEN-24-11 Announcement: Essential Insights for Financial Responsibility Compliance

Breaking Down ED’s GEN-24-11 Announcement: Essential Insights for Financial Responsibility Compliance

By Thomas R. Wilson, CPA January 31, 2025

The U.S. Department of Education’s (ED) recent Dear Colleague Letter (GEN-24-11) offers critical guidance on the treatment of long-term debt and property, plant, and equipment (PP&E) in calculating an institution’s composite score for financial responsibility under Title IV. This update replaces the 2020 Electronic Announcement (except LTD Q&A 10) and...

Understanding Gainful Employment Reporting Requirements

Understanding Gainful Employment Reporting Requirements

By Luke Hoey, FAAC® July 19, 2024

Understanding Gainful Employment Reporting Requirements: An Overview Gainful Employment (GE) reporting requirements have been a focal point of compliance challenges for postsecondary institutions since their introduction by the Department of Education (ED) in 2010. This is especially the case for those offering vocational and career-oriented programs. This article will delve into...