News

The Department of Homeland Security is limiting the DACA program significantly, as agency officials contemplate future attempts to eliminate the program altogether.

DHS issues new Fall 2020 guidance for international students, the IRS extends a filing deadline for tax-exempt hospitals, and more.

Public institutions are able to participate in a field test of the proposed standards in the recently released Preliminary Views, Revenue and Expense Recognition. This is an opportunity to work closely with GASB staff and influence final guidance.

The Federal Reserve Board has launched two new loan options under the Main Street Lending Program to offer access to credit to nonprofit organizations, including some colleges and universities. It is still unclear whether public institutions will be eligible to borrow under the program.

Schools that missed out on initial allocations from the Higher Education Emergency Relief Fund, or those seeking additional aid via FIPSE program HEERF funds, may now begin to apply for and receive those resources.

A federal judge has ordered the Trump administration to begin accepting and reviewing new Deferred Action for Childhood Arrivals program applications, after a nearly three-year period in which new applications were not considered.

As institutions eagerly await further CARES Act reporting guidance, the Department of Education shared some – but not much – information on quarterly reporting requirements.

GASB has tackled one of its most significant projects by releasing a Preliminary Views document on revenue and expense recognition, a major step toward what could be a significant change in the way governmental entities categorize, measure, and recognize revenue and expenses.

We are pleased to welcome the 2020-2021 Board of Directors, chaired by Robert Moore of Colorado College. We look forward to a productive year.

Following a legal challenge brought by the higher education community, the Trump administration has withdrawn a new rule that restricted international students’ enrollment in the fall semester.