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as the Department of Education (ED) recently announced that the 150% Direct Subsidized Loan limit, or “SULA” is being repealed.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

HEERF Audit Guide for Proprietary Institutions: Key Takeaways

HEERF Audit Guide for Proprietary Institutions: Key Takeaways

By Michael T. Wherry, CPA April 23, 2021

This article was published in the May 2021 issue of Career Education Review and reproduced here with permission. Article originally posted at careereducationreview.net. As we frequently say in our office, “Don’t ask questions that you don’t want the answer to” — and the issuance of the Guide for Compliance Attestation…

Employee Retention Credit: Can Your Business Claim It?

Employee Retention Credit: Can Your Business Claim It?

By Lee Frank, MBA, CPA March 31, 2021

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…