After three months of negotiations, the attempt to rewrite federal regulations for borrower defense to repayment came to a familiar end as committee members failed to come to a consensus on regulatory language Thursday. Throughout the day, members on the negotiated rulemaking committee debated revised language the Department of Education (ED) presented — based on More Info »
By Jennifer L. DeBor, CPA, Audit Manager, McClintock & Associates, P.C.
The crux of the standard is that the recognition of revenue should represent the amount an entity (institution) is expected to receive for the transfer of its promised goods or services (education) to the customer (student). The standard requires an institution to apply a five-step process to an entity’s contracts with its customers.
While there has been a significant delay of all or part of many Obama-era regulations targeting proprietary schools, it has become clear that things may never return to our misty water-colored memories of the way we were. Signals out of both the Trump administration and the Republican-led Congress point to a future for higher education that will be markedly different from the past.
The landscape of the campus bookstore is changing as students look to other sources to purchase print and digital course materials at the best price possible. Yet this doesn’t mean the demise of this on-campus hub, but rather an opportunity to reposition the store itself.
By Luis Garcia Jr., Garcia-Shilling International (GSI) and Stephen B. Friedheim, Education Systems & Solutions
Incorporate basic Spanish and the results will not only please you, your students and your employers, but the changes will enable your school to fulfill its mission – greater graduate employment.