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June 22, 2022

State and Local Support for Higher Education Rises to $113 Billion in FY21

Powered by federal stimulus funds and increases in state and local appropriations, total funding for higher education reached $113.2 billion in fiscal year 2021, according to the State Higher Education Finance (SHEF) report produced annually by the State Higher Education Executive Officers Association (SHEEO).

June 22, 2022

GASB Releases Statement 101 on Compensated Absences

In an effort to bring all types of compensated absences under a unified model, the Governmental Accounting Standards Board recently issued Statement No. 101, Compensated Absences. The new guidance will lead to recognition of a liability in more circumstances, most notably for nonvested sick leave.

June 14, 2022

NACUBO On Your Side: May 24–June 13, 2022

NACUBO joins an amicus brief asserting that student athletes are not employees, the Department of Education cancels debt of Corinthian Colleges students, and more.

May 23, 2022

NACUBO On Your Side: May 17–23, 2022

In this edition: NACUBO aids NASFAA in recommendations for student loans, ACE partners with ED for a webcast on investing in mental health resources, and more.

May 20, 2022

Department of Education Encourages Using HEERF for Mental Health Needs

During Mental Health Awareness Month, the Department of Education released an FAQ that strongly encourages institutions to use HEERF funds to meet mental health and substance abuse disorder needs of students. Additional information can be found at NACUBO’s HEERF Resource Center.

May 16, 2022

GASB Releases Omnibus Standard

Statement No. 99, Omnibus 2022, clarifies various technical issues. Topics include financial guarantees, derivative instruments, right-to-use assets, replacing LIBOR, and nonmonetary transaction disclosures.