What Is the “Byrd Rule”?
What Is the “Byrd Rule” & Why Is It One Line of Defense in Contesting the Inclusion of Revisions to the 90/10 Rule In the FY21 Budget Reconciliation Bill (The American Rescue Plan Act of 2021) Overview Because lawmakers included a provision to modify the 90/10...
One Week Extension in 2020 HEERF Annual Performance Reporting Data
ED is sending out a letter to all institutions who agreed to participate in the Higher Education Emergency Relief Fund student and institutional grant programs extending the deadline for completion of the 2020 Annual Performance Reporting from this coming Monday,...
Consolidated Appropriations Act, 2021
Disclaimer Part One: We realize this is a very long post, but we wanted to provide you with our initial review and summary of the legislation that passed last night and is awaiting President Trump’s signature immediately. Overview A little over 36 hours ago Press...
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 1098-T 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...