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ABACC's Summer Workshop Series can help you solve the big problems facing your business office.

Solving 4 Big Problems from the Business Office

Many of the biggest challenges facing faith-based higher educational institutions today can be overwhelming. Especially when systems, traditions, finances, and institutional culture get in the way of making necessary changes. How can you solve the following issues facing your campus—and every campus? Strategically increasing your enrollment Leveraging your audit to effectively communicate with your various […]

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Current trends and issues can seem like a lot to navigate, but awareness is the first step, followed by careful consideration and planning.

Higher Ed Trends for Enrollment, Finance, Compliance, …

While the higher education industry is large and complex, several trends are affecting schools of all types and sizes. Faith-based higher education institutions are not immune to these trends, which include: Soft net tuition growth Expense growth that exceeds revenue growth Deferred campus maintenance Yet faith-based not-for-profit higher education institutions demonstrate a certain resiliency. In […]

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Headlines show governance failing at prestigious institutions. 
 Beware.  Best practices include conducting annual board training in which board members are re-familiarized with the duties of care, loyalty, and obedience, and introduced to new tools such as the skills matrix for recruiting new board members.

Christian Colleges and Universities: Do You Have a Governance Crisis?

Higher ed is at a crossroads with many things, but especially board governance. One must look no further than the daily headlines — the sexual assault at Michigan State and their interim president’s latest comments about the victims, or the University of Maryland’s issues with the death of a football player and its board overruling […]

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Perkins loan disbursements are now prohibited.

Perkins: Do We Liquidate, or Do We Wait?

June 30, 2018 has passed, and according to the Dear Colleague Letter 17-10, additional Perkins loan disbursements are now prohibited. Here are some factors to consider as your institution of higher education weighs the costs and benefits of liquidation. Q: What is liquidation? A: Liquidation is the process of assigning ALL loans to the United States Department […]

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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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