Agenda

How Did We Get Here?
Dan Campbell, Partner and Higher Education Services Director, CapinCrouse LLP

We’ll discuss the government environment that is resulting in regulation overload, with a look at topics such as:

The new FASFA
The final rule on gainful employment and the financial value transparency framework
Transcript withholding
Licensure: program length
Distance education licensure and state law compliance
Career services
Financial aid counseling
Financial responsibility
Other metrics

The “Better” FASFA
Patricia Willhite, Senior Audit Manager, CapinCrouse LLP
Jonna Raney, Audit Supervisor, CapinCrouse LLP

The transition to the new FAFSA has been rocky at best, and the challenges with processing and calculating aid may feel monumental as you look ahead to the summer months. This session will equip you with key considerations and practical steps to help you prepare for what’s next.

We’ll discuss some important changes to prepare for, share formulas for processing aid, and examine the potential impact on institutions’ budgets. During the Q&A portion of this session, we’ll focus on the steps student financial aid offices can take to present financial aid packages to admitted students without an Individual Student Information Record (ISIR).

Financial Value Transparency and Gainful Employment Reporting
Lisa R. Saul, Partner and Uniform Guidance Director, CapinCrouse LLP
Jonna Raney, Audit Supervisor, CapinCrouse LLP

The Department of Education (ED) has released new reporting metrics that require program and student-level data on completions, withdrawals, debt, costs, and institutional aid for federally aided students — by program. We’ll provide an overview of this new financial value transparency (FVT) and gainful employment (GE) reporting, which is scheduled to begin on July 1, 2024, and applies to all nonprofit private higher education institutions that receive federal student aid.

The Q&A portion of this session will feature an interactive discussion about the steps student financial aid offices can take to obtain, prepare, and compile data.

Regulatory Update
Daniel M. Campbell, Partner and Higher Education Services Director, CapinCrouse LLP 
Lisa R. Saul, Partner and Uniform Guidance Director, CapinCrouse LLP
Patricia Willhite, Senior Audit Manager, CapinCrouse LLP
Jonna Raney, Audit Supervisor, CapinCrouse LLP

In its attempt to address abuses in the system, ED has caught private nonprofit undergraduate programs in its wide net. We’ll examine updated regulations, including those related to transcript withholding, licensure, distance education, career services, financial responsibility, and other metrics.

During the Q&A portion of this session, we’ll discuss practical responses, including how student financial aid offices can obtain institutional buy-in and allocation of responsibility.

Financial Responsibility Update and Changes
Tyler VanderVen, Partner, CapinCrouse LLP
Chris DuKate, Partner, CapinCrouse LLP

Since the rollout of the Financial Responsibility Supplemental Schedule (FRSS), submissions made to eZ-Audit have had challenging data entry points. As this schedule is used by ED to calculate the institution’s score, the ramifications of incorrect data entry can be significant. We will discuss common errors and challenges in entering the data and tips for working with ED on questions. We’ll also review the extensive list of additional mandatory and discretionary triggers that will become effective on July 1, 2024.

The Q&A portion of this session will look at how student financial aid offices can help their institutions identify financial responsibility metrics and develop procedures to track them.

GLBA Update
Patricia Willhite, Senior Audit Manager, CapinCrouse LLP
Daniel M. Campbell, Partner and Higher Education Services Director, CapinCrouse LLP

The full expanse of Gramm-Leach-Bliley Act (GLBA) requirements was added to the 2023 Compliance Supplement. We’ll highlight common challenges higher education institutions face in achieving compliance and then moving beyond compliance to enterprise risk management.

During the Q&A portion of this session, we’ll share tips for institutions working toward compliance on limited budgets and discuss how to share ownership of this large task at your institution.