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2023 Changes to the 90/10 Rule Require Careful Analysis

2023 Changes to the 90/10 Rule Require Careful Analysis

By Michael T. Wherry, CPA March 13, 2023

The U.S. Department of Education (ED) published the 90/10 rule near the end of 2022 that includes significant changes beyond just redefining what funds should be included in both sides of that equation. This makes it crucial that institutions understand the nuanced changes, update their processes to calculate 90/10, and…

HEERF Annual Reporting Primer

HEERF Annual Reporting Primer

By David B. McClintock, CPA January 20, 2021

During 2020, the Higher Education Emergency Relief Fund (HEERF), included as part of the wide-ranging CARES Act, provided a lifeline to institutions of higher education and their students. As the policy and requirements for both the student and institutional grants evolved over the year, schools were required to post regular…