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The financial aid office, incredibly beneficial to schools, can provide incredible risks to schools.  The latest challenges pertain to the Graham Leach Bliley Act (GLBA) and changes in the Department of Education Financial Viability Ratios.

Business Risks from the Student Financial Aid Office

Gone are the days of siloing responsibilities and each office working independently. While segregation of duties and internal controls remain vital to a higher education institution’s health, they are insufficient on their own. A failure to thoughtfully consider the related impacts between functional areas or departments creates business risks that may stilt your institution’s ability […]

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Homework Assignment:  Learn the Impact on Higher Education of Tax Reform & New FASB Standards.

Impact on Higher Education of Tax Reform & New FASB Standards

We now have the first tax code reform since 1986, plus nonprofit financial reporting standards changes in Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-14. Is your institution ready for these big changes? There are several specific elements of both that higher education leaders need to be aware of and actively planning for.  […]

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Ferrum College Vaughn Chapel and Bell Tower

Building a Sustainable Campus

One of the core values that every institution embodies is commitment to preserving the campus environment and surrounding communities. As institutional leaders develop strategic plans, increasing that commitment is a priority for many colleges and universities. Facilities leaders, sustainability directors, and finance officers all play significant roles in improving the campus environment and empowering students […]

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New guidelines have become necessary for developing stronger passwords.

3 Steps to Stronger Passwords

I once heard a speaker say that passwords are like underwear: change them often, keep them long, don’t leave them lying on your desk, and don’t share them. As a security professional, I have been discussing the need for stronger passwords for almost 20 years, and not much has changed during that time. Each time […]

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iI is important that we do everything possible to be securing records.

Securing Records Before the Storm

Are you prepared? Have you been adequately securing records? Do you have a disaster recovery plan? What would happen to you, your institution, and your students in the event of a disaster? While the nation is recovering from the most recent storms—Harvey, Irma, and Maria—we reflected on our preparedness at Weber & Associates. We know […]

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university cyber security

5 Steps to Strengthen Your Institution’s Cybersecurity Defenses

Russia, China, the CIA, and FBI. Hacking has been receiving a great deal of attention lately in the political arena, but many higher education leaders may not realize the severity and scope of the threat to their very own institution.The reality is that colleges and universities face unique cybersecurity challenges, so it’s critical that administrators […]

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