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Financial Student Aid Regulation Changes: Breaking Down 5 More Rules

Financial Student Aid Regulation Changes: Breaking Down 5 More Rules

By Parker Charlton September 27, 2021

If you’ve been following along with the McClintock Minute, you know we’ve been breaking down the many notable changes and updates that the Department of Education (ED) made effective this summer to Financial Student Aid (FSA) regulations. As we start the fall, however, we know institutions, understandably, still have questions…

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…