Top Menu

Tag Archives | Financial Aid

“The idea that the government needs to police the church also assumes the goodness of government. With the IRS as the government agency overseeing church and pastor speech, that assumption is—frankly—laughable. We need only look at the many scandals the IRS has been involved in the past few years to see that it can’t be trusted.”  (Christiana Holcomb)

From Danbury to D.C. – The Role of Government in Today’s Christian Colleges

The concerns about religious liberties among Christian college administrators is as real today as it was for those of the Danbury Baptist Association in 1801. In fact, over 80% of Christian college administrators surveyed by the Association of Business Administrators of Christian Colleges (ABACC) in both 2016 and again in 2019, had concerns not just […]

Continue Reading 0
While the Gramm-Leach-Bliley Act (GLBA) affects all institutions, those that participate in Title IV programs face additional information security requirements.

Gramm-Leach-Bliley Act: What Higher Ed Institutions Need to Do

Given the increasing and rapidly changing risk, cybersecurity should be a key focus for all higher education institutions. Institutions collect and store a wide variety of data across many departments, ranging from health and financial information to intellectual property. Students and their families, employees, and the general public have high expectations for how your institution […]

Continue Reading 0
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 […]

Continue Reading 0
To start offering Title IV financial aid, proper audits and candidate or accredited status are key.

How Colleges Can Start Offering Title IV Financial Aid Programs: Gaining Candidacy or Full Accreditation Is Just the Beginning

Your Board of Trustees has determined that your institution should offering Title IV financial aid, but many questions remain. Examples of such questions are: Are we required to participate in the student loan programs or can we just participate in the Federal Pell Grant Program? We are a new institution. How long do we have […]

Continue Reading 0
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 […]

Continue Reading 0
Among the student aid myths sometimes believed in Christian colleges are ones suggesting the government will tell the school that it cannot teach from a Biblical worldview.

Federal Student Aid Myths That Christian Colleges Believe

We are frequently asked, “How will my institution be negatively affected by participating in the Higher Education Act Title IV student financial assistance programs?” Student aid myths abound. Many negative tales are spread by well-meaning people that convince some institutions to not participate in these programs. We have even heard of college presidents, directors, and […]

Continue Reading 0