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Recent Title IV Compliance Articles

ED Provides Some Direction on HEERF Reporting

ED Provides Some Direction on HEERF Reporting

By Michael T. Wherry, CPA May 12, 2020

The Department of Education (ED) on May 6 provided some clarification about the timing of reporting requirements for institutions that receive Higher Education Emergency Relief Fund (HEERF) grants for students. The same announcement also offered more detail about reporting on institutions’ websites. Section 18004(e) of the CARES Act originally required institutions...

How to Submit for Higher Education Emergency Relief Funds

How to Submit for Higher Education Emergency Relief Funds

By David B. McClintock, CPA April 13, 2020

Following last week’s announcement of the $6 billion Higher Education Emergency Relief Fund to aid students amid the COVID-19 pandemic, the Department of Education (ED) has provided a set of resources as it prepares to disburse funds to institutions. We recommend visiting ED’s relief fund web page here. It includes: A...

Revised Application for Paycheck Protection Program Loans

Revised Application for Paycheck Protection Program Loans

By Daniel R. Steinmeyer, MBA, CPA April 3, 2020

The Small Business Administration has provided additional guidance regarding the Paycheck Protection Program.  In addition, they have made revisions to the Borrower Application Form.  Reference our Loan Application Checklist for additional information on what to prepare prior to completing the form. The Department of the Treasury website provides a copy of...

Update on Higher Education Emergency Relief Fund

Update on Higher Education Emergency Relief Fund

By Michael T. Wherry, CPA April 1, 2020

McClintock & Associates has begun to review the Higher Education Emergency Relief Fund which was included in the CARES Act. Within the Act, under Section 18004(a)(1), the U.S. Department of Education (ED) will distribute these funds to all institutions based upon the relative share of full-time equivalent enrollment of Federal...