Institutional Eligibility and Other Auditing Changes for Student ...

The new regulations are effective for fiscal year ending June 30, 2024, and include new compliance regulations for determining institutional ...

Institutional Eligibility | 2024-2025 Federal Student Aid Handbook

If circumstances change and a participating school no longer qualifies as an eligible institution, it must notify the Department of Education ( ...

School Eligibility and Operations | 2024-2025 Federal Student Aid ...

Other significant changes to Volume 2 for 2024 – 2025 include: Throughout ... Institutions under the Single Audit Act have an audit submission deadline ...

Part 600: Institutional Eligibility - NASFAA

This edition of the Compiled Title IV Regulations includes changes in effect beginning with the 2024-25 award year. Changes that became effective on July 1, ...

Gain Clarity on Emerging Financial Responsibility Rules

... requirements for related-party transactions within the institution's audited financial statements. ... changes in tax laws or other factors ...

Heads Up Higher Ed: There Are Key Changes in Financial Aid Testing

Some testing changes in the new 2023 compliance supplement may affect your audit this year for student financial aid.

New Regulations Enhance Student Protections - Weaver

These procedures involve detailed reviews of an institution's financial statements, audit reports, and compliance history. Institutions must ...

Title IV Audit Guide Update and Its Impact on your Audit - Sikich

Gramm-Leach-Bliley Act (Safeguards Rules): The new requirements are required for all audits with year-ends after May 31, 2023. · Student ...

Academic Regulations - Washington University in St.Louis

... other institutions, that were delivered online. Auditing a Course. In any semester, a full-time student may register for one course as an auditor, which ...

Significant New Financial Responsibility, Administrative Capability ...

These regulatory changes create significant new compliance obligations for higher education institutions that participate in the Title IV ...

Financial Aid 101 - Higher Education Compliance Alliance

Repeat findings from compliance audits or other reviews ... The resource may, however, affect a student's eligibility for other federal, for state and for ...

Subpart B—Standards for Participation in Title IV, HEA Programs

(1) An institution may participate in any Title IV, HEA program, other than the LEAP and NEISP programs, only if the institution enters into a written program ...

Program Integrity and Institutional Quality: Distance Education ...

The proposed changes would help the Department measure and better understand student outcomes and the amount of title IV program funds being ...

FSA Reminds Institutions of Annual Audit Requirements

The Department of Education's (Department) regulations require institutions approved to participate in the federal student aid programs to have ...

How FACA Is Helping Students Get the Most out of Financial Aid

For many institutions, adhering to the regulations to make class eligibility transparent to students is challenging. There is plenty of risk for audits and ...

Institutional Eligibility for Participation in Title IV Student Financial ...

Title IV of the Higher Education Act (HEA) authorizes programs that provide financial assistance to students to aid them in obtaining a ...

2024 OMB Compliance Supplement Now Available - Capin Crouse

The 2024 Compliance Supplement contains notable changes in the Student ... Auditors must now look at institutional eligibility related to ...

Increased Student Samples, Student Confirmations and Site Visits ...

The student-specific Title IV requirements and institutional policies are tested using this group of sampled records. The new Audit Guide both ...

How higher education institutions can prepare for audit season

Changing the compliance engagement to an examination-level attestation · Adding a requirement to test the Financial Responsibility Supplemental ...

Understanding and Addressing Common Audit Findings in Student ...

Institutions should establish a robust internal review system to prevent repeat findings in student financial aid audits. This system involves a ...