News

NACUBO supported the Governmental Accounting Standards Board’s proposed financial reporting model changes and offered suggestions to improve complex and concerning proposed changes to categorizing revenue and expense transactions.

In this edition: Congress expands SNAP access for students, ED provides updates on its NextGen initiative, associations support COVID-19 relief legislation, and more.

A recent IRS notice requires that certain student grant funds provided under the stimulus bill passed in late 2020 will need to be reported on Forms 1098-T.

In this edition: The U.S. House of Representatives advances another pandemic relief bill, EDUCAUSE releases a new report on information security, and more.

Employers are permitted to amend plans to allow employees to carry over unused amounts from flexible spending accounts for medical and dependent care expenses during the pandemic. Certain mid-year election changes are also allowed, according to a new IRS notice implementing changes enacted late last year.

In this edition: NACUBO calls on the Department of Education for CRRSAA guidance and Section 117 collaboration, associations submit an amicus brief to the Supreme Court in an NCAA case, and more.

In this edition: The Department of Education shares student aid eligibility guidance, NACUBO and others encourage COVID-19 response collaboration with the Biden administration, and more.

In this edition: The Department of Education extends the HEERF annual reporting deadline, NACUBO submits comments to the FTC on proposed requirements, and more.

The update addresses the Common Origination and Disbursement System’s Coronavirus Indicator, unclaimed credit balances resulting from disbursements with the indicator, and Return of Title IV reporting.