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Recent Title IV Compliance Articles

HEERF Single Audit email Clarification

HEERF Single Audit email Clarification

By Michael T. Wherry, CPA August 11, 2021

From discussions with various clients, for-profit institutions are receiving the following email in regard to future audits of their Higher Education Emergency Relief Funding (HEERF) grants and these emails are causing confusion: To:  Department of Education Grant Recipients From:  Phillip Juengst, Deputy Assistant Secretary, Office of Acquisition and Grants Administration…

Understanding Important Changes to R2T4 Exemptions

Understanding Important Changes to R2T4 Exemptions

By Gregory Rinderle July 16, 2021

Managing Return to Title IV (R2T4) funding for students who withdraw from school just got more complex, as the Unites States Department of Education has now revised this process, effective July 1, 2021. What exactly does the updated guidance mean for institutions and for their students? The new regulations contain…

SULA Repeal Simplifies Requirements for Schools and Students

SULA Repeal Simplifies Requirements for Schools and Students

By Matt de Vries, CPA June 18, 2021

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as the Department of Education (ED) recently announced that the 150% Direct Subsidized Loan limit, or “SULA” is being repealed.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…

McClintock & Associates Honored as Rasmussen University  ‘Partner of Distinction’

McClintock & Associates Honored as Rasmussen University ‘Partner of Distinction’

May 7, 2021

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…