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Recent Title IV Compliance Articles

Audit Guide Updates

Audit Guide Updates

By Stephanie Roland, MBA January 19, 2024

Looking back, 2023 was a dynamic year marked by growth and new challenges facing institutions. With the national emergency coming to an end, FAFSA simplification rolling out, and an updated audit guide, institutions have a unique opportunity to make 2024 a season of growth and a refresher on best practices….

GLBA Safeguards: Protecting Your School Against Cyber Threats

GLBA Safeguards: Protecting Your School Against Cyber Threats

By James Ference November 15, 2023

The 2023 updates to the Gramm-Leach-Bliley Act introduce several new requirements for schools when it comes to protecting student financial records from cyber threats. Here are key recommendations for safeguarding your data, which fall under three overarching strategies. When implemented properly, these can help higher education institutions address systemic cybersecurity…

GLBA Compliance Issues to Watch

GLBA Compliance Issues to Watch

By James Ference November 2, 2023

On June 9, 2023, the Federal Trade Commission (FTC) rolled out significant updates to the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule, requiring financial institutions and organizations to take immediate action to ensure compliance. Since this summer update, the team at McClintock has been working with institutions to review compliance risks and…

ED’s Fresh Start Initiative: What Institutions Need to Know

ED’s Fresh Start Initiative: What Institutions Need to Know

By James Ference September 15, 2022

It’s been a good time for student loan borrowers lately. Not only did the Biden administration just announce a partial loan forgiveness policy, but the Department of Education’s (ED) Fresh Start initiative is giving some borrowers who defaulted on their federal loans before or after the pandemic payment pause another…

What to Expect from the New Gainful Employment Rule

What to Expect from the New Gainful Employment Rule

By Michael T. Wherry, CPA August 1, 2022

The U.S. Department of Education (ED) has sought to establish a definition of Gainful Employment (GE) for over a decade, and in more recent years, we’ve seen regulatory whiplash as priorities and opinions change. An initial attempt to establish a rule by the Obama administration was thrown out in a…

Facing Audit Phobia, Part III: Embrace Learning Opportunities

Facing Audit Phobia, Part III: Embrace Learning Opportunities

By Luke Hoey, FAAC® July 26, 2022

The last thing an institution wants to hear while undergoing an audit is, “We’ve identified some processes that aren’t compliant with Title IV rules.” In a perfect world, a compliance audit comes and goes swiftly and without any findings. But in the real world, one where regulations change regularly and…