Top 10 Compliance Findings Affecting Higher Ed Business Offices

HEAG Business Office Operations, Community Colleges, Compliance, Federal Student Aid Programs, File Review and Verification, News About HEAG

HEAG was proud to be a part of the Eastern Association of College and University Business Officers (EACUBO) recent Spring 2016 Workshop held at the New School in New York City on June 15th, 2016.  The workshop topics included fund accounting, tax update, risk assessment for small and medium size colleges and new rating agency rating methodologies.

Karyn Wright-Moore, HEAG’s Vice President for Compliance and Quality Assurance, presented alongside another HEAG Consultant, Jennifer Tonneson Sherman. Together, they offered insight and important information regarding Title IV compliance, focusing on areas considered to be the Top 10 Compliance Findings affecting higher ed business offices.

So, what are the Top 10 Compliance Findings?

We share with you our results below:

  1. Repeat Findings
  2. Student Authorizations
  3. FERPA Violations
  4. Prior Year Tuition Charges
  5. Consumer Information Requirements
  6. Allowable Fees
  7. Cash Management
  8. Managing Perkins Loans
  9. Return of Title IV (R2T4) Calculation Errors /Late Return
  10. G5 Expenditures Untimely/Incorrectly Reported

For More Information

Please contact us if you would like a full copy of Karyn and Jennifer’s presentation or would like to know how HEAG can help your college’s or university’s business office or financial aid office.

Schedule a call with a Compliance Expert