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...
The last thing an institution wants to hear while undergoing an audit is, “We’ve identified some processes that aren’t compliant with Title IV rules.” In a perfect world, a compliance audit comes and goes swiftly and without any findings. But in the real world, one where regulations change regularly and it’s...
Chances are you haven’t seen your auditor around the office for quite a while — and some people might be just fine with that. After all, audits normally don’t rank highly on a financial aid professional’s list of favorite annual activities. However, the past two-plus years of pandemic gave rise to...
Is your school having trouble drawing down federal student aid for any of its locations? Earlier this month, the General Services Administration (GSA) as well as the U.S. Department of Education (ED) officially discontinued the use of the Data Universal Numbering System (DUNS) number and began recognizing the Unique Entity...
Less than two weeks before it was set to end, the COVID-19 national emergency was extended by President Joe Biden. Citing ongoing public health and safety risks presented by the pandemic, the declaration published in the Federal Register on February 18, 2022, continues the emergency beyond its March 1, 2022,...
As part of the wide range of regulatory changes, the Department of Education (ED) recently altered the verification process for some Free Application for Federal Student Aid (FAFSA) information. As of July 13, ED waived the requirement to verify students selected under the V1 Verification Tracking Group and will continue...
Along with wide-ranging overhauls and easy-to-implement changes to regulations surrounding Title IV programs, the Department of Education (ED) annually makes more subtle changes or additions that can pass under the radar. Big or small, any alteration to the Federal Student Aid Handbook matters. To that end, recently while we were identifying...
Preparation and communication are the keys to reducing stress and unpredictability in your title IV compliance audit. To help you prepare for your next audit, McClintock & Associates has compiled some key concepts to keep in consideration. First, getting a head start on the audit process can be beneficial. Consider what...
To build on our recent communications regarding the Department of Education’s newly revised guide for audits of proprietary schools, we wanted to provide this advanced notice of some new items we will be requesting – beginning with our audits for clients with fiscal years ending June 30, 2017. If you...
By Luke Hoey & Greg Rinderle The Department of Education (ED) recently announced that the selection criteria that are used in determining whether a student has an Unusual Enrollment History (UEH) have been modified. Beginning with the 2015-16 FAFSA processing year, NSLDS will flag an application based on a student’s receipt...
By Luke Hoey Schools that have been placed on the reimbursement payment method or one of the heightened cash monitoring (HCM) payment methods should be mindful of a few recently amended regulations pertaining to cash management – which are set to take effect on July 1, 2016. The first and most...