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Inceptia. How did your school fare with the recent CDR release? Positive outreach and a personal approach with Repayment Counseling Outreach from Inceptia gets student borrowers back on track to successful repayment. Borrower-specific solutions combined with industry-leading financial education tools empower borrowers to make more informed decisions. Learn more at Inceptia.org.

The former for-profit chain ITT Educational Services, Inc. (ITT)—which abruptly closed in 2016 following a series of investigations that more than once found its institutions out of compliance with its accreditors’ standards—has been subject to multiple lawsuits alleging that it defrauded both the Department of Education (ED) about its financial health, as well as students seeking guidance on how to finance their education. On Monday, the Consumer Financial Protection Bureau (CFPB) reached a $60 million proposed settlement with ITT, after it sued the chain for engaging in “unfair and abusive practices in connection with its private loan program.”

L is for "liability." Each office on campus, not just the financial aid office, has a part in ensuring institutional eligibility for federal aid remains intact. No school wants any office on campus to be a liabiity for noncompliance with Title IV regulations. NASFAA's Self-Evaluation Checklists, a module of the Compliance Engine, can help you with identifying any potential liabilities and fixing them—before an auditor does. Areas identified as primary sources of findings—Student Consumer Information and Return of Title IV Funds—may be a good place to start. All checklists have been updated.

Do you often find yourself struggling to determine whether certain income or monies should be counted as untaxed income? Is a personal loan considered untaxed income? Should foreign income be reported as untaxed income? Do we count all disability benefits as untaxed income? What about the IRS Child Tax Credit, is that untaxed income? Join Kochie Vaughan and Eunice Powell, NASFAA regulatory specialists, Wednesday, September 11, at 2:00 pm ET as they highlight the most popular questions related to untaxed income submitted to NASFAA's AskRegs service. Register now.

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