Author Archives for J.D. Hurley

Financial Responsibility Standards Proposed Regulations — How Stable Is Your Institution?

Financial Responsibility Standards Proposed Regulations — How Stable Is Your Institution?

By Michael T. Wherry, CPA June 16, 2023

The U.S. Department of Education (ED) recently released proposed rule changes for strengthening monitoring and oversight of colleges and universities. These changes cover general standards of financial responsibility, and add new reporting requirements, among other updates reviewed below. We recommend that institutions review these changes to identify any potential issues….