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September 28, 2020

NACUBO On Your Side: September 22-28, 2020 →

NACUBO on Your Side covers important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us. In this edition: The GAO criticized the Trump administration for its school reopening guidance, an FSA report shows a dramatic decline in student loan repayment, and more.

September 25, 2020

FASB Releases Guidance on In-Kind Gifts →

A new Accounting Standards Update addresses non-financial gifts to shed light on how they are used and valued. The ASU requires new presentation and disclosure requirements effective in FY22 or FY23 reporting periods.

September 21, 2020

NACUBO On Your Side: September 15-21, 2020 →

NACUBO on Your Side covers important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us. In this edition: The Senate reexamines FAFSA simplification, the use of affirmative action in admissions faces another legal review, and more.

September 18, 2020

FASB’s NAC Discusses HEERF and Revenue Recognition →

During a recent meeting, members of FASB’s Not-For-Profit Advisory Committee discussed the conditional nature of CARES Act Higher Education Emergency Relief Fund grants and whether “deemed spent” principles are applicable to HEERF conditions.

September 18, 2020

Final Endowment Tax Regulations Adopt Reasonable Approach →

The IRS and Department of the Treasury finalized rules governing the net investment income tax imposed on certain private colleges and universities. Many provisions in the final rules reflect the comments submitted by NACUBO and other stakeholders.

September 14, 2020

NACUBO On Your Side: September 9-14, 2020 →

NACUBO on Your Side covers important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us. In this edition, the Department of Education faced HEERF legal challenges and updated an FAQ, Congress failed to deliver coronavirus relief, and more.

September 11, 2020

ED Unveils Religious Freedom, Free Speech Rule →

The Department of Education, in implementing a presidential executive order, has finalized a new rule providing significant new protections for religious student groups and faith-based institutions.