Administering the Federal Direct Loan program just got a little simpler, as the Department of Education (ED) recently announced that the 150% Direct Subsidized Loan limit, or “SULA” is being repealed. What exactly does this mean for postsecondary institutions and for their students? McClintock & Associates has reviewed the final...
Among our most important values at McClintock & Associates is maintaining close working relationships with clients. We base these connections on trust, transparency and, of course, a deep understanding of the financial aid system that comes from personal experience. We’re rewarded in our work simply by discovering solutions to our clients’...
Businesses and institutions that were able to retain employees throughout the difficult months of 2020 may be eligible for a beneficial tax credit created by the CARES Act and extended by further coronavirus relief legislation. But employers should pay special attention to recent IRS guidance that provides some key details...
On March 19, 2021, the U.S. Department of Education (ED) released long awaited guidance on the uses of the Higher Education Emergency Relief Funding (HEERF) grants included in the various coronavirus relief legislation passed over the previous year: the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which created the...
Along with wide-ranging overhauls and easy-to-implement changes to regulations surrounding Title IV programs, the Department of Education (ED) annually makes more subtle changes or additions that can pass under the radar. Big or small, any alteration to the Federal Student Aid Handbook matters. To that end, recently while we were identifying...
Recently, we have been receiving questions from institutions whether electronic signatures are acceptable for the Statement of Educational Purpose (SEP). Under normal circumstances, students sign this document at an institution’s financial aid office or in front of a notary public, making a “wet,” or physical, signature. However, with pandemic measures meaning...
If your financial aid department had a New Year’s resolution a year ago, it’s possible you tossed it out the window not all that long into a 2020 that veered wildly off-course. We can’t blame you for it, but from an institutional standpoint, it’s important to stay on track during...
This article was originally published in the March 2021 issue of Career Education Review and reproduced here with permission. Article originally posted at careereducationreview.net. If you’re getting a sense of déjà vu, you’re probably not alone, as more coronavirus relief programs with some familiar names are top of mind for higher...