HEERF Audit Guide for Proprietary Institutions: Key Takeaways

By Ted Blendermann, CPA, CFP, and Michael Wherry, CPA, McClintock & Associates and Scott Goldschmidt, Counsel and Jayna Marie Rust, Associate, Thompson Coburn, LLP
This article will summarize the important aspects of the Guide for Compliance Attestation Engagements of Proprietary Schools Expending Higher Education Emergency Relief Fund and is not meant to be all-inclusive. It is broken down into three main sections: Audit Thresholds and Timing, Audit Testing and Implications of CFR Provisions, and Audit Reports and Corrective Action Plans (CAPs).

Summarizing HEERF2 Application and Implementation Provisions

Career Colleges use Lessons From Pandemic as They Move to Reopen Campuses in Fall

Written from interviews with career college and university leaders
The pandemic caused career colleges to greatly change their modes of operation and student delivery as the number of COVID-19 cases and deaths increased in 2020. But those colleges and universities are now using the lessons they learned over the last year as they plan to fully reopen their campuses this fall.

Schools Facing Financial Difficulties Should Know the ABC Process is an Alternative to Bankruptcy

The Changing Landscape of the 90/10 Rule

By Michael Wherry, CPA, McClintock & Associates, Katherine D. Brodie, Partner, Duane Morris LLP, and Kristina Gill, Special Counsel, Duane Morris LLP
On March 14, 2021, President Biden signed into law the American Rescue Plan and, with it, ushered in a new era for the 90/10 Rule. This article will review the scope of the 90/10 Rule, analyze the implications of the proposed change, and provide schools planning recommendations.

90/10 Provisions of American Rescue Plan Act of 2021 Brings Major Change

Centura College, Aviation Institute of Maintenance and Tidewater Tech Create Partnerships That Promote Community-Based Education

Written from an interview with Joel A. English, Executive Vice President and Kenneth Cooper Alexander, Chancellor, Centura College, Aviation Institute of Maintenance, Tidewater Tech
Joel English, executive vice president, and Kenneth Alexander, new chancellor, of Centura College, the Aviation Institute of Maintenance and Tidewater Tech look forward to the opportunities for their schools as they continue to expand partnerships and start new programs to fill workforce gaps.

In Tune with the Market: Bellus Academy Creates CBD Curriculum