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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

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

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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Operation Varsity Blues and Internal Audit

When news broke regarding the college admissions scandal back in March, I couldn’t help but think: where were the internal auditors? Thirty-three

Can ISAs Help Slow the Educational Debt Crisis?

With student debt projected to reach $2 trillion by 2022, traditional education financing is in a state of flux as it looks for solutions to defuse, at

Putting a New Positive Spin on Education Costs

As another school year, the associated costs of education continues to rise. A way to prepare for these costs is to participate in a Qualified Tuition

Current and Forecasted Conditions Play Havoc with Higher Ed Revenue Growth

According to the National Center for Education Statistics, the number of high school graduates in the Northeast and Midwest is projected to decrease between

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Composite Financial Index

A widely used metric across the Higher Education industry is the Composite Financial Index, also known as the CFI. The CFI is intended to assist institutions

403(b) Universal Availability Requirements under Scrutiny by IRS

A qualified 403(b) plan must satisfy the universal availability requirement with respect to elective deferrals. That means that all employees of the employer

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