On June 9, 2026, Federal Student Aid (FSA) issued an electronic announcement providing important updates regarding Institutional Student Information Record (ISIR) reprocessing tied to Comment...
Proprietary institutions are receiving FY23 audit citation letters from the Department of Education alleging that their audits were submitted late. In many of these cases,...
On June 9, 2026, Federal Student Aid (FSA) issued an electronic announcement providing important updates regarding Institutional Student Information Record (ISIR) reprocessing tied to Comment Code 352 and the FAFSA Processing System (FPS) C Flag. This update primarily affects how institutions interpret borrower eligibility for federal student loan limits under...
Proprietary institutions are receiving FY23 audit citation letters from the Department of Education alleging that their audits were submitted late. In many of these cases, the institutions followed ED’s own guidance during the 2024 eZ-Audit transition — submitted through COD when eZ-Audit was unavailable, then resubmitted through eZ-Audit when the...
Recent guidance from the U.S. Department of Education (ED) brings both relief and important clarification for institutions navigating financial responsibility requirements and the 90/10 rule. While some regulatory pressure has eased, the updates introduce new considerations that institutions should evaluate carefully. This article breaks down what has changed, what it means...
A follow-up to our January 2025 article on the new Return of Title IV Funds regulations. It’s been a minute since we last wrote about the new Return to Title IV (R2T4) rules. Back in January 2025, we covered the two provisions institutions could implement as early as February 3, 2025—the...
On May 12, 2026, the U.S. Department of Education issued a Technology Security Alert (GENERAL-26-27) regarding an active cybersecurity incident involving Instructure Holdings, Inc., the parent company of the Canvas Learning Management System. The breach, claimed by ransomware group ShinyHunters, exposed usernames, email addresses, course names, enrollment data, and messages...
A known bug — not the new fraud screening — is behind a wave of unexpected ISIR rejections. Here’s what’s happening and what to do about it. Background On April 26, 2026, the U.S. Department of Education launched a new real-time identity fraud detection capability within the FAFSA, marking one of the...
McClintock & Associates, a leading public accounting firm providing specialized services to postsecondary educational institutions, is proud to announce the promotion of Luke Hoey, FAAC®, to Director. “Luke’s promotion to Director reflects both the depth of what he has built here and the natural evolution of his leadership within the firm,"...
McClintock & Associates, a leading public accounting firm providing specialized services to postsecondary educational institutions, is proud to announce the promotion of Callie Clark, CPA, to Senior Manager. “Callie’s promotion is a natural reflection of the leadership and technical depth she has built over more than a decade with our firm,"...