McClintock Minute

Follow

Recent Articles

Providing Clarity on Direct Loan Inadvertent Overpayments

Providing Clarity on Direct Loan Inadvertent Overpayments

By Luke Hoey, FAAC® March 6, 2021

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…

Signing the Statement of Educational Purpose Amid COVID-19

Signing the Statement of Educational Purpose Amid COVID-19

By Kimberly Cravotta, FAAC® February 18, 2021

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…

Summarizing HEERF2 Application and Implementation Provisions

Summarizing HEERF2 Application and Implementation Provisions

By Michael T. Wherry, CPA January 21, 2021

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…

HEERF Annual Reporting Primer

HEERF Annual Reporting Primer

By David B. McClintock, CPA January 20, 2021

During 2020, the Higher Education Emergency Relief Fund (HEERF), included as part of the wide-ranging CARES Act, provided a lifeline to institutions of higher education and their students. As the policy and requirements for both the student and institutional grants evolved over the year, schools were required to post regular…