The result of a Title IV compliance review could include fines, submitting technically perfect requests to the department for reimbursement and even losing eligibility for financial aid.
National Student Clearinghouse found first-year students have a 67.2% retention rate, besting pre-pandemic averages. NSCRC defines retention as students who remain at a given institution for their second year instead of transferring, which counts toward persistence.
Many institutions continue to rely on outdated financial planning tools. Nearly 50% still use spreadsheets for forecasting and tuition projections, and nearly a third use spreadsheets for budgeting, according to a Syntellis survey.
"You have to be open to fertility," Decker says. "You can't just sit there and say, 'Nothing's good except what we've been doing for the last 40 years.'"
"We don't exhibit a very good image of competence to the outside world," said materials science and engineering professor Raymundo Arroyave in a special Faculty Senate meeting.
Revamping how leaders approach faculty affairs is essential for an institution's vitality in the face of political hostility, decline in spending power and poor public perception.
Additionally, King's College's accrediting body has stripped its accreditation, citing the school's failure "to demonstrate that it can sustain itself in the short or long-term."
Student affairs leaders who proactively partner with their procurement teams save time, save money, and create capacity for other strategic priorities.
"FAFSA Simplification is going to make this the most complicated year we have seen perhaps ever," says Maureen Anderson, a former director of financial aid at Santa Fe College (Fla.). In addition, there are Title IX changes coming in October.
