HEERF Update

Join Us on May 25th For A Comprehensive Review of the New HEERF Guidance! Until then, here is a brief overview of key points of interest: The new guidance that the U.S. Department of Education posted last week (May 11, 2021) provides a significant amount of new...

HEERF Grant Audit Requirements

The U.S. Department of Education, Office of Inspector General has published the Guide for Compliance Attestation Engagements of Proprietary Schools Expending Higher Education Emergency Relief Fund Grants (Guide). The Guide applies to and provides requirements and...

HEERF Funds & 1098Ts

Did You Know FAME received guidance from the irs.gov website clarifying that HEERF grant funds, including emergency FSEOG funds, are not included in the student’s 2020 gross income or reported anywhere on the 1098T form? FAME has been trying to get clarification on...

HEERF Reminder

Higher Education Emergency Relief Funds (HEERF) Reminder On October 2, 2020 the Department of Education (ED) released the 3rd Round  of Frequently Asked Questions and Question 9 is of particular concern, although it specifically refers to the Student Aid Portion of...