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OMB Relief for Recipients of Federal Financial Assistance Due to COVID-19

The Office of Management of Budget (OMB) has issued additional relief to recipients and applicants of federal financial assistance due to the impact of

Resources for Not-for-Profits to Manage Cash Flow during the Coronavirus Pandemic

As organizations throughout the United States continue to reduce operations, cancel events and go dark the old adage “cash is king” comes into

Moody’s Downgrades Higher Education

Just a few weeks ago, Moody’s was an outlier among the major rating agencies by rating debt associated with higher education institutions with an

Student Loan Discharge

Recently, the Internal Revenue Service (IRS) issued guidance to certain taxpayers with federal or private student loans acquired to finance attendance

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Judge Hands Down Longest Sentence to Date in College Admissions Scandal

On February 7, a federal judge in Boston issued the most severe verdict yet to a parent involved in Operation Varsity Blues, the college admissions scandal

Tax-Exempt Organizations Receiving an Increased Number of IRS Notices

Within the past month, we’ve seen a significant number of tax-exempt organizations receive notices from the IRS for a multitude of reasons, many

Your Institution Received a Gramm-Leach-Bliley Act Finding in 2019 – Now What?

The Gramm-Leach-Bliley Act (GLBA) is a federal ruling that applies to all entities that collect consumer financial data, including institutions of higher

Changes to the Financial Responsibility Ratio

The U.S. Department of Education (ED) finalized borrower defense rules on September 23, 2019, establishing new regulations that will have a significant

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Recertification of PA Act 153 Clearances

It’s quickly approaching the time for the recertification of Pennsylvania Act 153 clearances. Clearances are valid for 5 years. Act 153 took effect

Conducting an ERM Evaluation

Institutions of higher education face a number of challenges in today’s highly competitive business and social climate: reputational risk, obsolescence,

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